Expression of relief when you realise that something you backed out of due to sheer cowardice turned out to be dangerous and ill-advised after all. Example: Did you see that scaffolding collapse? God Bless Captain Fear! I didn't climb up it.
GOD BLESS CAPTAIN FEAR!
Meaning of GOD BLESS CAPTAIN FEAR! in English
Slang English vocab. Английский сленговый словарь. 2012