Beat the milk, eggs, sugar, cinnamon, ginger, cloves and nutmeg in a 2-quart shallow baking dish with a fork or whisk.
Place 4 bread slices into the baking dish and turn to coat. Heat 2 tablespoons butter in a 12-inch skillet over medium-high heat. Add the dipped bread slices and cook until they're lightly browned on both sides. Remove the bread slices from the skillet and keep warm. Repeat with the remaining bread slices. Serve with the syrup.