Meaning of dà bù liǎo:

dà bù liǎo

大不了

Adverb

at worst; if worst comes to worst

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Rúguǒ shībài, dà bù liǎo zài chángshì yīcì.

如果失败，大不了再尝试一次。

If we fail, at worst we can try again.

Adjective

(usu. in the negative) serious; alarming

Zhè jiàn shì dà bù liǎo jiù shì làngfèi le yīdiǎn shíjiān.

这件事大不了就是浪费了一点时间。

This matter is not serious; it just wasted a little time.