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2.
The feeling after seeing that your bitchy ex-girlfriend has aged poorly, is obese or looks generally bad after some years.
Oh my God! have you seen Martha? she looks awful. What happened to her? I'm happy I dodged that bullet.
by Xurritox December 12, 2012
 
1.
If someone has dodged a bullet, they have successfully avoided a very serious problem.
Oh my lord! I just found out that my ex just had his second illegitimate baby. Dodged that bullet!
by Wishon March 30, 2010
 
3.
To get yourself out of a sticky situation. A close call.
"I almost ran over this squirrel in the street today, but I swerved and hit this sharp, jaggedy tree. So it's all good. I sure dodged that bullet, but missed and fell off the building."
by Ranchan-sama September 24, 2006