An object submerged in water appears lighter due to the buoyant force, which equals the weight of the water displaced by the object. For a 1 cubic meter object, this displacement results in an upward force of 1000kg, counteracting its weight. Lowering the object further into the water does not increase its buoyancy, as it will still displace the same volume of water. The pressure in water acts uniformly in all directions, maintaining the upward force regardless of the object's depth. Therefore, the object does not become lighter with increased submersion, assuming constant water density.