After reading what Charlie wrote in the comments section below, I did a little more research and discovered that the whole “put your wet cell phone into a bag of cat litter” has quite a bit of history behind it. I read that several people have used the little moisture deterrents they usually store in vitamin containers. I read that this technique has worked for some. I also read that the red dot Tobyjoe discovered this morning after removing the back from the phone was indeed what he thought it was, a water damage fraud detector.
So, for those keeping score at home: The whole red dye reacting with pee in the pool? Not true. The red water damage dot inside and on the back of the Razr? True.
Herein lies the question: Do I wait a week or two and submerge my phone into cat litter (or the other gunk)? Do I take it apart and try and dry it myself like this guy did. Or, do I just go buy the pink one and call it a loss?