After performing his skate-off dance to Happy Mondays' 1990 hit Step On the 57-year-old percussionist - real name Mark Berry - knew he was "gone, gone, gone", but host Holly Willoughby told him, "It's not over yet!", as Dynevor still had her turn.
Bez had managed to drop professional skating partner Angela Egan on the ice by fumbling a hold.
He said: "It went as well as all my other skates!"
Presenter Phillip Schofield said: "But Angela ended up on the deck!"
She laughed: "I can't believe I fell!"
Judge Ashley Banjo praised Bez for "giving it your best" and putting on such entertaining performances each week, but added that Dynevor, 58, had improved her skating each week.
He said: "Based on the skate-off I'm going to save Sally and Matt."
Dame Arlene said: "The couple I want to save, just because she is the most beautiful actress and we can see with her skating, is Sally and Matt."
The Corrie star performed to We've Only Just Begun, by The Carpenters, performing several lifts with partner Matt Evers.
Bez said: "I've loved every moment, at least I can go to the ice rink at Christmas and put in a decent show."
He said his favourite moment had been dressing up as Indiana Jones and skating in front of a rolling boulder for Movies Week.
It is Week Six of the competition and Bez - who performs in a crash helmet and knee pads -has consistently been at the bottom of the leaderboard.
He had clearly been popular with viewers, helping him to avoid the skate-off. But some Dancing On Ice devotees had started to comment it was unfair that better skilled skaters were being sent home before him.
Last week he stumbled and fell over during his performance to Walking On Sunshine while wearing a beekeeping suit, and had to be helped up.
Watch: Bez suffer dramatic fall in Dancing On Ice training