Hyperventilating - Tami Chynn song - was created in 2007.
She was so nervous about giving the speech that she started hyperventilating after the first few sentences.
It is in my understanding that hyperventilating or in milder forms - panting, is the method in which dogs cool off. Therefore it is not a problem unless they can not seem to get relief and continue hyperventilating indefinitely, in which case you need to contact a reputable veterinarian.
to breathe abnormally fast and deep.
Give them a small paper bag to breath in.
You should probably call the vet.