IPHONE 5 WATER DAMAGED

MY PHONE GOT DAMAGED WHEN I WAS CLEANING WITH DETOL IT STAYED ON THE BACK OF MY PHONE FOR LIKE A WHILE POSSIBLY AN HOUR AND ITS BEEN LIKE 1 HOUR I PUT IT IN A BAG OF RICE RIGHT NOW BUT THE PROBLEM THE SCREEN KEPT MESSING UP AND WHEN I TRIED SHUTTING IT DOWN IT WAS IN THE PROCESS OF SHUTTING DOWN BUT IT FROZE KIND OF. AND NOW IT IS STILL ON BUT IN THE BAG OF RICE THERE's ALSO A RED LIGHT IN THE FRONT UNDER MY FRONT CAMERA THIS LOOKS LIKE A BAD SIGN Please Help ME! I Can't HAVE THIS PHONE GONE BECAUSE IT HAS So MANY THINGS IN IT. I'm CRYING Please SOMEONE Help ME

Added (1). HOW DO I TAKE THE BATTERY OUT? BTW I DO NOT HAVE INSURANCE/WARRANTY. THE SIMCARD IS OUT

Added (2). I HAVE BACKED IT UP BUT I DIDN't YESTERDAY OR DAY BEFORE AND ALSO I WON'T BE GETTING ANOTHER PHONE, i'm frightened its still on and in that bag of rice i still can't turn it off because the screen is like dark blue and messed up

Added (3). Sorry about the capital letters i'm panicing i really do not want to have to make my parents get stressed.

Added (4). John death, thank you i hope this works thank you so much i'm leaving it in the bag.

Take the memory card sim and battery out so the back is empty… Put it in a jug of water and swirl it around just to rinse the liquid out… Dry it as soon as possible and put it in rice for 3 days. X if not… TO THE APPLE STORE! X

Sounds like you fried it but there's a chance the rice will dry it out and it will work again. Do you not back it up to iTunes? I do mine daily just in case. I can then transfer all the data to a new phone if mine breaks.

Sorry I can't be more help but at this point it is hit and miss if it will come back or not.

DO NOT listen to Amber. You can't take out the battery and putting more water in would not be a good idea. The rice takes a day to dry it out. An hour won't do much. Just seal the ziplock and let it sit.

I worked at Apple for 15 years.

First of all, don't all-caps.
Second, the red light may be caused by shorting. Make sure your phone is turned off, do not attempt to start it.
If your phone is off but still heating up, unfortunately that means it's still shorting and will probably continue to do so until every component has melted down and the phone becomes completely useless.
I think this happens more with saline water, though.
Just keep it in the rice - or silica gel if you have any - and see if it shuts off/cools down. Worst case scenario, I heard isopropyl alcohol can flush the water out and evaporate soon after. Not sure though.

Don't attempt to take the battery out, you can't without cracking it open. If it does not stop heating up i'd bury it before the lithium in the battery explodes.