1. A situation where someone gets relief from tension, pressure, or difficulty; a moment to catch one's breath
After all that stress, it was nice to finally get some time off and have things feel a bit more breathed.
Depois de todo aquele estresse, foi bom ter um tempo de folga e fica respirado.
2. An informal expression indicating that a situation has become more relaxed or less tense
The argument ended and things became calmer.
A discussão terminou e fica respirado entre eles.