expression, ichidan verb
miss the bus (literally); miss the boat (figuratively); fall behind the times; miss out on an opportunity
Primarily an idiomatic expression meaning to miss a chance or be left behind by changing trends. The literal meaning 'miss the bus' is also possible but less common in everyday use.
寝坊して、バスに乗り遅れた。
I overslept and missed the bus.
He's out of touch with trends and always misses the boat.
このチャンスを逃したら、完全にバスに乗り遅れることになる。
If we miss this chance, we'll completely miss out.