All nontrivial elements in higher $K$-groups of toric varieties over a class of regular rings are annihilated by iterations of the natural Frobenius type endomorphisms. This is a higher analog of the triviality of vector bundles on affine toric varieties. In the talk I will assume no $K$-theoretical background and no familiarity with toric varieties. The main $K$-theoretical concepts will be presented in an informal and completely accessible way, without giving a single formal definition.