Methodshop, which offers iPod tech support and repairs, cites
several stories in its warning about a surprisingly common iPod
toilet trap:
Wow, the toilet dropping appears to be a common problem! I hope the
toilet was full of clean water. Always wait until the iPod is
completely dry before plugging it in, or using it. Water and
electricty don't mix. It might work fine after it dries out. Cross
your fingers. If you are having issues like the Folder icon or Sad
Face, you should probably try to erase and restore it. That might
work if the hard drive just got a little whacked. However, you may
need to replace a few parts inside depending on what exactly
happened.
Sounds like a great business opportunity, producing a new accessory
iPod water wings