Alright, so we have all seen the movies where someone gets blasted out of the airlock on their starship, or their suit decompresses while on a space walk. The poor schmoe usually either decompresses so violently that blood is oozing out of every orifice in their body, or they freeze instantly.
From this I have two questions:
Most of what is shown in sci-fi on this is believed to be false. You do not freeze to death and your blood does not boil.
Provided you do not try to hold your breath there are not likely to any ill effects for at least 30 seconds or so. If you do try to hold your breath as the de-pressurisation takes place you can suffer a "burst lung" i.e. an embolism, just as a diver would if he holds his breath during an ascent from depth.
After some time in space the lack of oxygen will be the most damaging. A few minutes will lead to death.
I found this answer at http://imagine.gsfc.nasa.gov/docs/ask_astro/answers/970603.html where you can find a lot more details.
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