That depends a bit on the ruleset. According to Guinness (where hyperventilating with pure oxygen beforehand is allowed), it's 24:37.36. According to the freediving organisation AIDA (where pre-breathing oxygen isn't allowed), it's 11:35
Except, if you refuse to breathe, you won't die, you'll just pass out and start breathing again...which kinda kills the tension implied by the meme.
I can hold my breath for 4 minutes. Does that mean I'm technically living more life than the rest of you?
Might have a longer life expectancy.
But like for real, that probably means your body gets better oxygenation which would make you a bit healthier, on average.
It doesn’t say you only breathe once every two minutes, though.
You just reset the timer more frequently than once every two minutes. It doesn’t change the fact you only have two minutes from each breath.