Nathaniel Rich in the New York Review of Books:
The first dive to a depth of a thousand feet was made in 1962 by Hannes Keller, an ebullient twenty-eight-year-old Swiss mathematician who wore half-rimmed glasses and drank a bottle of Coca-Cola each morning for breakfast. With that dive Keller broke a record he had set himself one year earlier, when he briefly descended to 728 feet. How he performed these dives without killing himself was a closely guarded secret. At the time, it was widely believed that no human being could safely dive to depths beyond three hundred feet. That was because, beginning at a depth of one hundred feet, a diver breathing fresh air starts to lose his mind.
This condition, nitrogen narcosis, is also known as the Martini Effect, because the diver feels as if he has drunk a martini on an empty stomach—the calculation is one martini for every additional fifty feet of depth. But an even greater danger to the diver is the bends, a manifestation of decompression sickness that occurs when nitrogen gas saturates the blood and tissues. The problem is not in the descent, but the ascent. As the diver returns to the surface, the nitrogen bubbles increase in size, lodging in the joints, arteries, organs, and sometimes the brain or spine, where they can cause pain and potentially death. The deeper a diver descends, the more slowly he must ascend in order to avoid the bends.
More here.