This phrase is more commonly used in the UK, so it may not be understood everywhere. After completing the last puzzle, Lisa was home and dry, but her American friends were confused by the expression.
Pro Tip 2/3
Finish Line
The phrase suggests completing a task as if crossing a finish line in a race. I turned in my final essay and felt I was home and dry for the semester.
Pro Tip 3/3
Not Literal
It's not about literally arriving home dry; it's a metaphor for success. After passing his driving test, Jamie texted his mum that he was home and dry.