Wet sanding is a really cool thing.
To begin with it is "special" wet/dry sandpaper and it will say it on the back. Usually it's black sandpaper.
You sand by getting the paper wet and keeping it wet. It flushed all the sanding residue off of the paper and it really cuts great! Much faster that dry sanding.
You just have to do some thing differently.
You cannot...or should't...wet sand an unpainted bare body tube or wooden fin/nose cone...DUHH!
Don't get water into the open end of the tube...another DUHHH!
Keep dipping the sandpaper into the water to rinse the sanding residue off (the water will turn the color of the paint).
As the water drys on the surface while sanding it will form a paste the color of the paint...keep a clean cloth handy and keep wiping it off (paper towel works).
You will have to use a tack cloth when the water drys off to get the dust off.
It cuts fast! and the sandpaper will last longer then you ever imagined it could.
Try it! Finish with some 600, 800 or 1,000 grit...baby butt smooth!
Then do a final "wet" coat of paint...It's a good thing.
sandman