Faggin started the 4004 in '69 and Hoff was pushing off the bat for it to be more than a calculator chip so it could be used as a general purpose processor. So they might not have specifically been 'dreaming of controlling a toaster', they and others were clearly dreaming about similar control tasks, like printers. They wrote the history down, first person...you might check it out.
Or, gee, was the comment intended to tell us how you tied an onion to your belt in 1969 (which was the style at the time) and made toast as the good lord intended without any newfangled chips in the way, up hills both ways, and we should all get off your lawn? /s
Because that's the kind of stuff an 8-bit micro does.