If the temperature is low enough or the humidity high, you can observe condensation (i.e., "fog") forming in your exhaled breath. This calculator estimates whether your exhaled breath will condense, and if so, the range of mixing ratios for which the "fog" will form and the maximum condensed water content (the higher it is, the "thicker" the condensation).

If you're interested, there are detailed explanations of the condensation process.