Containing a fire means that you stop the fire from spreading. So anything that is not on fire already will not catch on fire. However thing that is on fire may still continue to burn for some time. So the fire is not out, just contained. The percentage contained may be a bit arbitrary or depend on the standards used.
Firefighters use various different techniques to contain a fire. A common quick way of containing a fire is to spray foam around the edge of the fire. If foam is not available then water will often do to soak things and make them harder to ignite. You might also see the firefighters remove any easily ignitable things in front of a fire in order to create a gap that the fire have a hard time jumping.
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