Well "Safe Mode" restricts what can and can't be done on the device. This is to keep anything that is causing a problem from continuing to do so when in that mode, hence safe.
However, if the phone got wet and you didn't give it sufficient time to dry out (which is a lot longer than people think it is) and didn't remove any SD cards, SIM cards, batteries, etc., you can really damage the device.
If you can, I would let it dry for a while. Longer if it was submerged in water (like 5-7 days for that). Yes I do mean days.
You can, if you do plan on getting another device, connect your phone to say a computer and copy all your personal stuff over to the computer. That way you won't lose it all should the phone die or stop working before you can access it.
To get out of Safe Mode, please try the following.
1. Touch and Hold the "Power" key.
2. Tap "Power Off".
3. Once the phone is off, Touch and Hold the "Power" key again to restart.
The phone should now be out of "Safe Mode".
If the "Safe Mode" is still running after you restart your phone, I would then check to make sure your "Volume Down" button is not stuck. Check to see if it has anything stuck in it as well, dust, etc. Anything like this can cause the phone to go into, and get stuck in, "Safe Mode".
If that doesn't work try this...
Use the "Status Bar" to turn off "Safe Mode'. Pull down (swipe) the "Status Bar" of your phone. Now tap the "Safe Mode" button. This should turn "Safe Mode" off. Now your phone will automatically restart, so that it boots up out of "Safe Mode".
If you want to get rid of/disable "Safe Mode".
1. First turn off the phone.
2. Next press and hold "Power" until you see the manufacturers logo on the screen, then release the power button.
3. "Quickly" press "Volume Down" and hold it for few seconds until you see the message "Safe Mode: OFF" or something similar.
4. If you wanted re-enable it, simply repeat the steps above, and you should see "Safe mode: ON" rather than off.