Sure, a spare air uses a 3cuft container I think. If you could somehow store 3cuft of LOX in it you'd have plenty of gas to breathe. Wikipedia Liquid oxygen has an expansion ratio of 1:861 under 1 standard atmosphere (100 kPa) and 20 °C (68 °F). You'd end up with 2583 cuft of oxygen gas.I kind of think there would be enough LOX in a Spare Air to last 45 minutes.
Storing LOX in a scuba tank isn't going to work, though. You have to keep it cold (-297f or colder). Otherwise it will gradually boil off into a gaseous form. As that happens pressure in a sealed scuba tank will increase until it eventually explodes (or hopefully, the burst disk goes and releases the gas). This is why LOX is transported in dewars that either have an open top or a pressure relief valve.
It's just as laughable an idea as the original.