Is the Phantom 2 waterproof? How should I care for it?

The Phantom 2 is IPX7 rated, meaning it is water resistant but not waterproof — it should not be submerged in any liquids. You may clean it occasionally with a soft, damp cloth, and should avoid exposing it to strong chemicals such as gasoline and alcohol, as they will damage the unit. Store the unit in a dry place when not in use. (Page 3)