Not all the air we breath in is able to be used for the exchange of oxygen and carbon dioxide. About a third of every resting breath is exhaled exactly as it came into the body.
Dead space can be divided into two components:
Anatomical dead space is normally about 150 mL (or 2.2 mL per kilogram of body weight). This is about a third of the resting tidal volume (500 mL).
Because of dead space, taking deep breaths more slowly (e.g. ten 500 mL breaths per minute) is more effective that taking shallow breaths quickly (e.g. twenty 250 mL breaths per minute). Although the amount of gas per minute is the same (5 L/min), a large proportion of the shallow breaths is dead space, and does not allow oxygen to get into the blood.
Dead space can be enlarged (and better envisaged) by breathing into a long tube. Even though one end of the tube is open to the air, when one inhales, it is mostly the carbon dioxide from expiration. Using a snorkel increases a diver's dead space in the airways (though usually not significantly).