Holding your breath (like you would in water by taking a deep breath) would be a very bad thing to do. You would be better exhaling all possible oxygen - similar to deep sea divers because otherwise the pressure (pressure of the body) would likely burst your lungs and possible eye sockets.
In space water boils, not due to heat but due to low pressure <0.9psi. So all of the bodies water (except that sufficiently pressurised) would begin to boil (ebullism). The rapid decompression comes with its own set of problems which we can see in a lesser form in Divers that ascend too quickly (Nitrogen bubbles on the brain etc.)
The general consensus is that the human body is capable of withstanding vacuum exposure assuming the exposure is short lived and given ideal circumstances - things such as weight and heart rate would have an impact. Tests have been performed on animals that have seen their complete recovery from a 90 second exposure. There have also been accidents involving astronauts and leaky suits and some testimony from their experiences.
So assuming a straight forwards jump out into vacuum then this is entirely possible albeit improbable.
Hope this helps.