iFixIt claims this is just psychological comfort and offers this advice:
> The real secret to water damage? You don't want to dry it!
> What you want to do is first displace the water—or more specifically, all the conductive stuff in the water. You can do this best by using 90%+ isopropyl (rubbing) alcohol and a toothbrush. Open your device as soon as you can, take out the battery, and get scrubbing. Submerge the whole motherboard in alcohol, and scrub away.
https://www.ifixit.com/Wiki/Don%27t_Put_Your_Device_in_Rice.......
(as noted in the reply, there's 3 dots that are filtered from the end of the URL, so try adding them manually or copy below)
https://www.ifixit.com/Wiki/Don%27t_Put_Your_Device_in_Rice._Here%27s_Why...