I'm no expert but I work with, and have been trained in the dangers of compressed and piped in commercially pure Oxygen. Someone here already said it right, oxygen is not in itself flammable, rather it promotes rapid combustion. Anyone remember the little fire triangle from school? Fuel, Oxygen, and a source of ignition are all thats requiered to ignite a fire. The fuel could be any organic material, Oxygen in this case is provided from a pressurized tank, and the source of ignition is of course the cigarette. With high pressure Oxygen any kind of oils on the regulator itself are an excellent source of fuel, and the friction created as that regulator charges with high pressure oxygen would be all thats required for an explosive ignition. Oxygen saturation in clothing is also a very common source of fires, as even a slow seep of Oxygen around an individual will saturate any kind of knit fabric and all it would take is a stray spark to start a pretty hot, fast burning fire. But I guess if your still smoking with an oxygen bottle fire is the least of your concerns.