Dropped my iphone in the toilet? - 2

I have an 8gb Iphone 4 that actually fell into the toilet. I pulled it out the second it fell in, it was still on.
Now the screens blank. It's not vibrating, but the light in the back is on. I tried turning it off, but as I said, the screen is blank.
I have a feeling I'm going to have to just suck it up and buy a new one, but I'm really hoping it could be saved.
Please tell my there's some way I can save it

Added (1). It's already in a pack of rice, my problem is that the light in the back of the phone will not turn off, so I'm stuck believing my phone is not off.

Added (2). Now the screen is on, the apple logo appeared but the back round is almost a sand color and it's not turning off.

Can someone Please.

Put it in a bag of rice. Rice absorbes the liquid from the cracks and crevices of the iPhone. I did this trick with my IPod when it fell and it worked.

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No not really the electronics are fried if you want to save it you'd have to open it up and replace about everything so buying a new one will be the best choice

Put it in rice for a couple days (2-3) so it'll soak up any excess liquid.

Do what the guy at the top said i did that before but with my phone.