Sigh. You just described a wetsuit. A drysuit is desiged to have an airspace as an insulator, so not snug.It was a hypothetical to illustrate an opinion that the more "air" space between the diver and the suit, the more the affect of the squeeze would be intensified. If a diver had closed cell neoprene drysuit custom made to fit tight.....(like a rash-guard fits) then there would be far less potential for squeeze than a looser fitting shell suit with a lofty undergarment.
You know how you create a sung fiting dry garment with no airspace in it? You suck or squeeze out all the air from it until it creates a vacuum and crushes and bruises your skin and you can barely move or (allegedly) breathe anymore. Circled right back around to the beginning didn't we?