The Collaborative International Dictionary of English v.0.48:

Bail \Bail\, v. t. [imp. & p. p. Bailed (b[=a]ld); p. pr. &
   vb. n. Bailing.]
   1. To lade; to dip and throw; -- usually with out; as, to
      bail water out of a boat.
      [1913 Webster]

            Buckets . . . to bail out the water.  --Capt. J.
                                                  Smith.
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   2. To dip or lade water from; -- often with out to express
      completeness; as, to bail a boat.
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            By the help of a small bucket and our hats we bailed
            her out.                              --R. H. Dana,
                                                  Jr.
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