Dropped my iPhone 3g in water? Please help?

The whole thing about rice is an old wives tale. Sitting in rice is no different than sitting anywhere else. What you really need is a warm breeze. Open it up and remove the battery and anything else removable. Leave it all open to the air. Get your hair dryer and place it a few feet away on a low setting to gently blow warm air in and around the guts. Remember, a GENTLE warm breeze is all you need, NOT a hurricane. Sitting in a bowl of rice restricts the air flow around the device and traps moisture in and around the electronics. Without air flow, the moisture will just SIT there! Inside! It has NO incentive to leave! THAT is what the warm air DOES, induce the water to evaporate! The warm breeze of the hair dryer is what you need to evaporate out the water, otherwise the water just SITS there, corroding everything made of metal. There is less than a 50-50 chance it will work. If regular tap water got inside, the minerals in the water will likely short out the electronics even after the water evaporates. Let it sit under the warm air for a day. Then, reassemble and try it. Charge the battery. it MAY survive. If not, there is more you can DO. After all, damage of this nature is probably NOT covered under your warranty. Check to be sure. If you are SURE is it NOT covered by warranty, you can try flushing it. Take out the battery and other removable parts. Use distilled water and literally give it a bath. The distilled water will dissolve out any minerals left behind from the tap water and dilute them so they probably no longer be a problem. After a bath in distilled water, alcohol. Rubbing alcohol comes in two strengths, 70% and 99%. You want the unscented 99% variety. Alcohol "soaks up" water, binding with it. Alcohol is the major ingredient in additives to gasoline to get water out of your gas tank. Alcohol also evaporates and will leave NO residue behind. So, the distilled water washes out the dried minerals, and the alcohol binds with the remaining water to help it evaporate from cracks and crevices. Shake and blow out as much liquid as you can and then try the dryer breeze again. I have had moderate success with this, roughly 1 in 3 were able to work again after disassembly and washing. But then, I have no fear since I do electronics repair for a living. The last thing I did this to was the remote for my TV which took a bath in soda... it resurrected successfully by the way, after being completely dead... Not as complex a device as your phone, but still the same principles apply, get the water and minerals out and see what happens after it dries completely. Rice will NOT do anything constructive. It MIGHT absorb some water vapor, but then so do soda crackers. You would do better to use silica gel, you know the stuff, the beads in a little plastic bag that comes in the box with many electronics items. At least silica gel is designed to absorb moisture. If rice worked, it would be MUCH cheaper to use rice instead of silica gel!