We all make mistakes and I fell victim to that myth as well as you can see from the thread.:11doh:
Jepuskar, any water in your wet suit IS robbing your body of heat. ANY water. That said, where we sometimes get confused, is that there is a small grain of truth in this myth. The grain is that once the water gets in, and it will, keeping that water in the suit is better than new and colder water flushing constantly through the suit. But make no mistake, the water doesn't warm the body, the body warms the water. SO, if you have a well fitting wetsuit, the best you can do is keep that already body warmed water in the suit. The already body warmed water does't keep the body warm, but it DOES cool the body slower than new, colder water.
While the above argument doesn't validate the myth, it does point out how one can be easily confused by it.
Edit: That said, the neoprene is what is traping the heat, not the water or even your body. The neoprene is really doing the work and is what keeps you warmer, not the water.