A: Eric was losing the audience. If I hadn't been for me, we would have lost the challenge.
B: Yes, you totally bailed him out.
It seems like the meaning of bail out in this context is to save someone. There's another meaning that I know of, that is 'to quit' - he bailed out on his friends at the last minute. So, it has contradicting meanings and the context determines which the intended meaning is, am I right?
Thanks in advance!