What eggman wants is known as the Packet CD, which was supported by CeQuadrat. Roxio, Nero, and a few other applications offered similar formats. Once a CD RW is formatted as a Packet CD, you can write and delete files on it using a file manager, just like a floppy or a hard disk.
AFAIK, nothing like Packet CD exists on a Mac. Packet CDs and their ilk have proven even less reliable than floppies, and most people have given up on them. Use a pen drive instead, but be aware that pen drivers aren't 100% reliable either.