<i>>LN2 is good clean fun</i>
Liquid nitrogen is -196ºC. That's very very cold. You can survive brief contact with it due to the fact that it immeadiately boils to gas upon contact with a room temperature object and forms a gas layer between the liquid and the object. I regularly flick tubes out of liquid N2 with my fingers, but occasionally, if I'm not quick enough, I'll get a burn. Don't wear absorbent gloves when handling liquid N2, you spill it, it soaks into the glove, your hand freezes into the glove, it's as simple as that. That gargaling with liquid N2 is a bullshit story and incredibly dangerous, don't spread crap like that around.
You'd be much better off using a dry ice / alcohol mix anyway. Dry ice is -78.5ºC. That's still very cold, but won't give you an instant burn, you can hold it in your hand without too much trouble. This temperature won't freeze alcohols like methanol or ethanol so mixing the two together makes a very cold liquid. The advantage of this over liquid N2 is that it's not so cold or dangerous, will last a hell of alot longer than N2 and is easier to get hold of and transport around.