Bails out a chap (5)

I believe the answer is:

basil

'a chap' is the definition.

'bails out' is the wordplay.
'out' is an anagram indicator (out can mean wrong or inaccurate).
'bails' anagrammed gives 'BASIL'.

(Other definitions for basil that I've seen before include "serially chaotic character" , "Fellow" , "Herb - Mr Fawlty" , "Name of male" , "Mediterranean herb" .)

I've seen this clue in The Mirror.

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