These are called phrasal verbs, which are the combination of a verb and a preposition. They have completely different meanings from their usual verb/preposition meaning (e.g., if we "look up something in the dictionary," we don't actually lift our heads and look up to the sky! In this case, "look up" means to research something).
So yes, "make out" means to be able to see or understand something clearly. Examples:
"I can't make out who is coming down the street—she's too far away."
"He has a strong accent, but I can still make out what he's saying."
In fact, "make out" has several meanings as a phrasal verb (it can also mean a result, or deep kissing). "Blow up" is a common phrasal verb for "explode/bomb" but can also be used in a more literal way when you blow up a balloon or a rubber raft. You just need to learn phrasal verbs just like you learn other vocabulary words, because all native speakers use them all the time.