A lifesaver bottle is a special water bottle that has a filter inside it. This filter can remove unwanted things like dirt, bacteria, and other tiny things from the water that might make you sick.
So, let's say you're outside playing with your friends and you don't have access to clean drinking water. If you drink water from a pond, you might get sick because the water can have tiny things in it that you can't see. But, if you have a lifesaver bottle with you, you can fill it up with water from the pond, and the filter inside the bottle will remove all the bad things from the water. So when you drink from that bottle, you're only getting clean and safe water.
It's like having a superhero inside your water bottle. This superhero (the filter) works hard to keep you from getting sick by removing all the bad guys from the water. So, you can drink water from almost any source and be safe because your lifesaver bottle has got your back.