Without googling how would you understand it? What is your personal interpretation?
What it makes me think of......you can only see two options. Neither options are great. Each are dangerous in that each choice can cause great loss. One may be tempted by the tiger's tail which initially looks like the better option but it isn't. The tiger's tail avenue is really a deceptive road or journey.
A flood is a flood, and will still carry you, carrying the tiger as well. It is better to go with it, to surrender. Here I'm arguing from the standpoint that the flood is adversity. painful yes, but if we let go, we can see the lessons that it carries. Just one take here, never heard this saying before.
Still, it is logical to assume that the flood will take the tiger as well, so you need to think quickly and do something different.
I'd have to agree with your interpretation. You're going to trade one terrible situation for a situation that seems like it might be the better option initially, but could and probably will lead to more danger.
It seems very similar to the idiom "out of the frying pan and into the fire" too, where you're trading a bad situation for an even worse situation.
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