Symbolic of watching out for and protecting others, Ps. 41:1-2 Also, click to see other meanings of this dream.Lifeguard One who watches over another’s safety, either an authoritative figure or a guardian angelLifeguard 1. “Guarding” or “guarded” feelings. 2. A need or desire to be rescued from feelings of “drowning” or being overwhelmed. 3. A need or desire to be needed, to “rescue” situations or people.