To narrowly avoid something or some situation that turns out to be undesirable, disastrous, dangerous, or otherwise harmful. A: "I heard that John has become a drug addict and is living out of his car. Didn't you two used to date?" B: "Yeah, but we broke up about five years ago. Looks like I dodged a bullet on that one." I really dodged the bullet when my exam was postponed to next week, as I hadn't studied for it at all!