This usage often implies a need for secrecy or discretion in watching out for potential threats. Quiet! I’ll be your lookout for teachers while you finish the mural.
Pro Tip 2/3
Unofficial Role
Acting as a lookout is typically an informal, unsanctioned position among peers or groups. During the party, Mia was our lookout for any unexpected guests.
Pro Tip 3/3
Protection
Being someone's lookout is a protective role, aiming to keep others safe from trouble. He quietly signaled as he was their lookout, and everyone hid away.