The team was able to snatch victory from 'the jaws of defeat' [=the team won] by scoring in the final seconds of the game.
He barely escaped from 'the jaws of death'. [=he barely escaped death]
The crocodile tried to grab him in its 'jaws'. [='mouth']
(..) I hacked and I shashed at this fowl beasts with my sword, spilling their guts into the sea. Beowulf !! Then, one of them cease me by its jaws, and drag me to the bottom... I killed the moster with my own blade. I plunged it into its heart. Yes, of course. The "sea monsters"... (..)2007 Beowulf