If the hood's not vented at the top sometimes the process of equalizing the mask pushes water up into the hood and it will sit there, like a great big balloon until it escapes.
Heat up the end of a paper clip and melt a little hole right at the crown of the head. It'll let out the conehead bubble, but won't affect the insulation properties of the hood. It's also a handy thing to do to your booties, on the upper surface right behind the toes.