Top definition
A phrase derived by those who have experienced the intense sexual frustration of waiting for a girl to be ready to have sex again, only to find out she's on the rag.
Girl: "Shelly, did you have sex will Bill last night? I heard he's been waiting for like a month for you to get back in town."

Shelly: "Girl, he can wait. I wasn't in the mood anyway- its that time of the month.."

Girls' Simultaneous laughter: "Saved by the Red!!!" (high-five)

(Bill wimpers softly in the corner...clutching his blue balls.)
by Kittenfister11 June 14, 2011
Get the mug
Get a Saved by the Red mug for your grandma Riley.