No. Just, no. Let me explain the science for you.
Hyperventilation reduces the carbon dioxide concentration in the blood below normal levels. This raises the pH level of the blood--making it more alkaline or "basic." This constricts the blood vessels that supply the brain, preventing the transport of oxygen and other molecules necessary for the nervous system to properly function. In other words, when one hyperventilates, their body isn't able to properly transport oxygen to the cells in their body--a condition called hypoxia. If this continues, hypoxia can develop into cyanosis, a condition that develops when tissues don't get enough oxygen and begin to turn blue (especially around the lips and fingernails). If cyanosis continues, one can lose consciousness and have restlessness and chest pain. In advanced stages, hypoxia and cyanosis lead to death.
One of the top causes of death at public swimming pools is hyperventilation/hypoxia.