Bly

B-Lie or Bl-Eye or B-lye)

(1) - To let something go or to turn a blind eye.

(2) - Also means to narrowly get away with something.

A term widely used in the 1990's amongst the teenage youth in the UK and some still use it today. When used in either instance it is commonly understood which meaning is appropriate.

(1) That warden gave you a bly, by not giving you a ticket.
(1) The bus driver gave you a bly by letting you get on the bus without paying.

(2) You got a bly because that car nearly hit you.
(2) What a bly that was because you barely passed that test.
(2) That teacher gave you a bly because most people would've been sent home.