I've heard a lot of different theories on how to revive water-damaged iPods. You should search the forums--you will most likely get hundreds of similar posts. Methods I can think of off of the top of my head are:
1. Put in a warm bowl of rice in a warm spot
2. Put on a sunny windowsill for several hours
3. (probably don't try unless you're totally desperate) put in a warm oven on a towel with the door open for a very short time
These are only a few options... if you use the search option you will find many, many more.
DO NOT put it is a "warm bowl of warm rice". You can put it in a baggie of raw (uncooked) rice and let it dry for several days.
DO NOT put it in direct sunlight. Put it in a warm, dry place, like a cupboard, and let it dry for 5 to 7 days. After this time put it on a charger, let it charge for at least 30 minutes, and Reset it while it is still connected to power. It may take several tries before it revives, then fully charge it. DO NOT try to charge it or turn it on before it fully dries.
DO NOT put it in an oven.
OH YEAH, WHAT ARE YOU a know it all, I wish, but seriously, let it dry out before you even think about plugging it in to that computer, the electrical flow can cause the parts that are still wet to corrode and destroy your ipod.