Bingo. Same thing happens with watches at work.
Put it in the hot water cupboard to dry it out and then seal it as soon as you take it out would be my suggestion (no guarantees =P)
I would only be drilling holes in it as a very last resort, but it's up to yourself =)
Edit: Missed a few posts, looks like fridge could possibly work also. I just leave watches under a lamp for a few hours or over night.
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