For those of you with RAZR v3m phones that have red indicators (the dot below the battery) I figured out a good way of outsmarting the system, though I am not sure if there are indeed more indicators deeper inside the phone.

If you want to restore your warranty (albeit dishonestly--though my dot turned even though my phone was never really wet) carefully peel off the red dot, you should do it with your fingernail so there are no scratches in the plastic. You should make sure all traces of red are gone, use a q-tip dipped in rubbing alcohol to dissolve the adhesive.

Get a white envelope and use GLOSSY tape (not plain matte scotch tape) and tape an area of envelope's flap opposite the lickable glue seal, smooth the tape down. Then use a standard size hole punch and punch through the flap, be sure the little round piece you punch out has a shiny coat of tape on top and the envelope glue on the bottom. Carefully dab or lick the bottom and stick it right where the red dot used to be.

Now you have a white dot that looks just like the indicator before it was activated. Best thing is it won't ever turn red!