Welcome, Vincent.
Okay--I'm glad I looked up The S. L., because my first thought was that it was a train, which made no sense to me for this dialogue. What I found was:
The only thing limited about xxx's television movie The Sunset Limited is the setting. OK, I guess the costumes are, too. The entire hour and a half takes place in a sparse, single room of a small apartment in New York City. Two characters, listed merely in the credits as White and Black, discuss god and existence, as well as Black's stint in prison and White's empty life. I wish I could have found out exactly what The Sunset Limited is; obviously a goal of some kind.

Anyway-- busted out on you means that it either: 1.) broke apart in some way, severely enough that he couldn't continue as he had been; or, and I think this is more likely, 2.) that it "went bust"--failed completely, and he couldn't continue as he had been.

Probably from you is worth a couple of damn rights anywhere else
Some punctuation marks would have helped you here.
"Probably" from you is worth a couple of "Damn right"s anywhere else. The speaker knows the other guy is very unlikely to make statements of strong agreement ("damn right!").