<font color=blue>"heard that this works too as the water is grounded in a sense. any opinions as to the truth of this?"</font color=blue>
Absolutely not!
Static electricity is a result of a difference of potential (voltage) between 2 bodies. So let's assume that washing did give you a "zero" potential. As you reach for the towel, you are changing your body capacitance, which changes your potential. Lift your leg to take a step, your potential changes yet again. Now, lets assume that you are still at zero potential. If the device you plan to work with is not at zero potential, then static discharge will occur.
Static discharge will occur even if you ground yourself to a water pipe. If the device you are working on does not have a dedicated earth ground, it WILL NOT be at zero potential, and static discharge will occur.
The only way to prevent static discharge is to have the 2 bodies at the SAME potential. Wear a wrist strap, and connect it to a ground point ON THE DEVICE you are working on. This way, you and the device are at the same potential, and no static discharge will occur.
Humans cannot feel static discharge under 50,000 volts. Just because we cannot feel it doesn't mean it is not happening. A discharge as small as 1000v can damage a chip. Perhaps not destroy it, but change its characteristics slightly, and certainly shorten its life. Don't forget, you cannot feel these discharges. As chips get smaller (.13 micron now), it takes less to damage them.
Does that CPU no longer overclock like it once did? Damaged gates, but not destroyed, will degrade the performance of a chip until it no longer operates properly.
Not "grounding" yourself to the device you are working on will definetely cause small amounts of damage to the components, and shorten the life span of the device. It is an accident waiting to happen.
<font color=blue>This is a Forum, not a playground. Treat it with Respect.</font color=blue>