People are commenting about the dumbest things. If you are looking forward to a decent performance boost, water cooling is a great solution, it transfers the heat away a lot more efficiently than air, PREVENTing the chip from overheating. It also raises the thermal ceiling and reduces noise output (in most cases).
The chip should be destroyed way before the water reaches 95 degrees, since the voltage needed to heat that much water would be insane.
If you would think about it, using your brain, we humans are around 80% water, and we don't simply explode even if we are cooked...