What do I do when my iPod gets wet? It was accidently submerged in a cup of water. :( Am I screwed?

Hei, First of all do not switch it on. Dry it as much as possible by using air blow only. Keep it in dry place for two or three days. And dry more by air blow. If you can dry it by opening the outside cover, then its better. When you think it is dryed up completely, you can turn it on. It may behave irregular at the first time, but dont worry. If it creats more problem then, please see an electronics expert. I think it will help you.