The bucket is an OK analogy for a fixed depth. The problem is the bucket gets bigger with depth, and we don't have a simple analogy for that.The phrase "filling the bucket" implies a bucket of a specific size, and as it was used in the thread I described, once the diver was underwater, the bucket will start filling, and will keep filling until it is fill. If the diver goes to 99 feet, the bucket will fill twice as fast as it would at 33 feet, but it will fill either way.
That is, of course, not remotely true, but I think most divers believe that.