The tingling sensation is caused by the sudden rush of blood reaching a part which was pressed under something. If a part of your body is pressed under something too long, it will make a difficulty in for blood to reach that particular body part. When you remove your body part from getting pressed, there is a sudden rush as the blood flows into that body part. This causes the tingling sensation. I hop you have learnt something from this answer! :)
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Swelling means that there is excess fluid in the area and tingling means that the local nerve endings are being affected. Being only on one side is significant - both sides usually ensures it is something going on with the whole body (systemic) versus more locally to the area.
This could be a number of things, but at the top of the list I'd consider:
Infection - feet are notorious for not healing well from cuts, etc. Hard to say for sure without seeing said foot, but that ascending swelling could be a bad sign of infection.
Toxin - spider bite gone bad - a possibility. Black widow bite can cause this. Brown recluse will usually cause more of an ulcerating wound. Snake bite toxin - usually obvious when person comes in saying "I've been bit by a snake!"
Trauma - broken bone, sprained ankle, etc that could be moving into a condition called "compartment syndrome." A good history, physical exam and an X ray (if warranted) would help figure this out.
Deep Vein thrombosis - this would be a particularly bad one if was causing the whole foot to swell. Again, history & physical exam would help to decide if needing to do an ultrasound to rule this out.
Complex Regional Pain Syndrome - if there was a history of trauma (broken ankle, etc), sometimes the nerves can be affected long term and can cause intermittent swelling and pain and tingling. Again, history and PE needed to consider this.
I'd consider this list first, then go on to less likely scenarios second.
That said, if YOU are experiencing this, PLEASE go IMMEDIATELY to a doctor to be checked out!
Usually, a loss of blood flow to the foot. My advice, just go to a walk-in clinic or talk to your doctor.