So...since I haven't seen this yet. There are three water marks that you can see on the phone. One on the battery, one on the phone on the left, and one near the reset button on the left.
The story: My phone slid off my bed into a glass with a little bit of water in it. It only had a few drops so i assumed it was fine. Since it was turned on, i turned it off an took the battery out to let it dry. The two watermarks that i could see were still only white and red X's. I turned it on 4 hours later and it still turned on. So i put it on the charger overnight and woke up in the morning with the backlight not turning on! Still worked though! So i brought it into verizon and they told me to call and after 2 weeks i finally got a replacement. The phone was freezing the past month so i mentioned that without the dropping it in water. I just noticed the one near the reset button is red....So I'm screwed