Summarize the following:
Whether you've dropped your phone in the toilet, bathtub, or a lake, the first step is to get it out of the water ASAP. The longer you leave your phone in the water, the more water damage it will absorb. Leaving the phone in water for a longer period of time will allow water to soak into and saturate more of the interior electrical components. Before you take any steps to dry off the outside surfaces of the phone, pull out the electrical components. Open the phone case and pull out the battery and the SIM card. If you've inserted a micro SD card into your phone, pull that out as well. The interior components are crucial to the phone's functions. If they get saturated with water, the phone won't work. Blowing on the electrical parts of your phone will remove the majority of water from them. Wiping the phone parts down with a clean, dry towel will remove any remaining moisture on the parts' surface. You should only rely on drying agents to remove residual moisture that's worked its way into the components of your phone. Instead of blowing on the phone components, you could also shake them rapidly back and forth through the air. Be careful not to inadvertently throw your battery across the room, though.
Pull your phone out of the water immediately. Remove the phone's battery and other interior parts. Blow water off of the phone components and wipe them dry with a towel.