There's phase change, which is similar to how a freezer works, but of course better, as a freezer can only take a room temperature object and lower the temperature and with the insulated interior the temperature stays low.
However with PC's there's a constant high heat load and water is kinda the sweet spot between cost and performance in that respect.
Phase, is quite noisy from what I've heard, as well as being very costly.
Liquid Nitrogen, again is extremely expensive and is a short-term cooler - evaporates.
*EDIT* Heh was a bit slow![]()
Also watercooling can be useing in non-standard ways.
I use it passively - very large rads and no fans.
I've seen it combine with a WC cystern - normal watercooling setup with a 120.3 in the cystern - its was an office so the WC was flushed relatively frequently keeping the medium around the rad at around 5c
Why not have a Rad dump heat into a swimming pool? or Underfloor heating? or domestic heatexchanger? or outside? or underground etc
Mount a Zalman Resavator on your window ledge / air-con office - great temps no fans straight out of the box.
The joy of water cooling is that you can pump the hot water away from the source. It does not 'need' to go to a internal rad.



Old school getto style - like it mollymoo, nice contribution forgot all about that approach.
What your describing is not quite a 'bong' but the open bucket = evaporative cooling.
Tell your mate to buy a metal bucket - will knock a degrees or two off the load temps if the water gets hotter that room temp
If water is below ambient (due to evaporation) stick with a plastic one.




Imo watercooling isn't the way to go unless your
A: going to do some extreme o'cing
B: want a quiet system or
C: you have shed loads of money because a good water cooling system with a couple of loops and custom parts will cost a good amount![]()
With the sounds of things these water cooling solutions sound like a right royal pain to install them with all the tubes & accessories you might need, as well as a way to cool all the water down.