I don't think it is dropsey because normally all the scale stick out like a pine cone when the fish has this condition.
I have seen something very similar to what you are describing on an Oscar in one of the fish stores a few years ago. I don't know whether it survived but it seemed okay at the time.
Is the fish still defecating? That could be a few reasons why this has happened, a blockage in the intestine could cause major swelling. However, this does rather sound like some kind of growth inside the fish. However, I don't think an internal growth would appear that quickly. Sometimes fish developed water in their abdominal cavity if they have problems with their organs. I don't see how it is possible to diagnose a huge lump like this without actually opening the fish up, or carrying out an x-ray on it.
Is the fish still eating and behaving normally? If it is , see if it will accept some shelled peas, this could help clear out a blockage in the intestine, but I wouldn't like to say this with great confidence.
I will consult my health book and see if there's anything else that I can come up with. Finally, have you done anything differently in the tank, you would also be wise to check the water conditions.