We were going to see a movie but she bailed on me. (Not ‘gonna’ , not ‘bailed out’)
‘To bail someone out’ is an expression, but has a different meaning:
When I was arrested, my dad bailed me out. (He posted bail for me)
There was no way I was going to finish on time, but fortunately my siblings bailed me out. (They helped me in a time of difficulty and I didn’t experience the negative consequences of not finishing.)
‘To bail something out’ means to empty it.
Use the bucket to bail out the boat.