Help! My ipod touch has this weird smell coming from it! Chemicals?

today when i got back from school, i took my ipod from my bed. when i pressed the power button (i dont think it was completely off, but you know, "locked") when i did, the screen was all white, the bottom was really hot (and right now is REALLY hot.), and there was a bad smell coming from the bottom where you plug in the charger and where the speaker is.

i tried restarting it, restoring it, and all that shows is a white screen! and the bad smell is still coming from the bottom. AND the bottom is so burning HOT!

yes. it sounds like it really is BROKEN. my question is:
does anyone know what happened to my ipod touch? was it the battery or something?? am i screwed forever and never getting my precious ipod back? is there anything ANYTHING i can do about it???

please help! any help is appreciated! thanks!
 
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