A new product called Dry-All is revolutionizing the way we rescue our cell phones.

We’ve all done it. Watched our cell phone fly in slow motion towards the pool/sink/bathtub, then quickly thrown it into a bowl of rice. It seems like an old wives tale for the digital age.

Especially when it does not work.

But now, this new product has potential to keep our cell phones out of the rice.

Yahoo! News writer Becky Worley tried it out and is raving about it.

Worley says that iPhones are particularly tricky to dry because the battery is not removable like a lot of other phones.

For the purpose of her experiment, Worley soaked her iPhone 4 in a glass of fresh water for 20 seconds.

She then simply followed the directions, also loosely found on Dry-All’s website.

Worley turned her phone off, while still wet, and dried it with a towel. Then put it in the Dry-All container.

While the official website says it will take a minimum of six hours, Worley describes leaving it in there for 24 hours.

A one-time use costs $11 but a five-time use costs $50. On Amazon.com it runs for $11.95 plus shipping. A replacement phone can be upwards of $400.

The only sign of wetness after the Dry-All is done doing what it does, Worley says, is that the Liquid Contact Indicator was tripped, meaning that the warranty on the phone is now void.

Dry-All uses its patented Blue Bead Technology to dry the phone.

Worley says that a lot of people make the mistake of trying to turn their phone on after getting it wet. This can fry the circuitry worse than the actual act of getting it wet.

The Dry-All claims to work on all smart phones, and is available at Amazon.com and various other websites and stores that carry electronics.

So the next time your friend throws you in the pool without the common courtesy of asking if your phone is in your pocket, this could be a solid substitution for sticking it in rice for a few hours.