You are right that you need to dehumidify a large volume of air (like, more than 150 cubic metres) to get enough water for a person, in a rationing scenario. That isn’t necessarily a huge problem; fans can move large volumes of air quite efficiently and dehumidifiers work more efficiently at higher temperatures, but your main point that it isn’t scalable on a population level is definitely true - it’s something you can do for off grid or survival situations, but not easily for domestic water supply.
I think that it’s implicit that the volume of Godzilla would increase; we need to assume that the bounding layer has a degree of elasticity and that that the matter displaced by the flotation cavity will expand into that, reducing the net density.
Mighty Godzilla, with power untold
Rises through the waves; his powers unfold
Hidden muscles in clever design
Create a new chamber as they realign
Inflating his body, a titanic display
Defying the depths, he floats up and away
No long bound by the oceans’s might
Godzilla soars, a triumphant sight!