The first person that starts making dress shirts with the breast pocket lined with those cell phone tack pads will make a fortune. I put mine in my pocket too knowing full well the possible consequences, and hearing that commercial....hey your shoe is untied.

I would ad insurance or try to get rid of that phone ASAP. The first thing they do when you take it in for service/repair is check the head phone jack input hole. Apparently they have the water sensor material down there. They take a mini ear scope and look in the hole before moving forward with warranty claims....that is what they did on my 1G iPhone. I would be very worried that your iPhone will start having issues.