Assuming that you've run out because you've breathed the tank "dry" rather than because of an equipment failure, and that you don't have a redundant air supply:
You should do an emergency swimming ascent. Look up, reach up, swim up. Keep your regulator in your mouth, exhale slowly but continuously (if you have air in your lungs when you begin the ascent). If you run out of breath, go ahead and attempt to inhale - on a standard 80, which has an interior volume of about .4 CF, an ascent from 75' will free up about .9 CF (measured at STP), which will provide several (high variability here, heavily dependent on equipment and the depth at which the breaths are taken) normal breaths during the ascent. An ascent rate of 60 fpm can be safely maintained - the ascent takes 90 seconds, and with the air coming available from your tank during ascent, you should make it without difficulty.
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If you are out of air because of an equipment malfunction (ruptured hose, freeflow, catastrophic first stage failure) then an emergency buoyant ascent is in order.
Rick