technically, yes. The energy that would have otherwise gone to heating the air, then you, goes into vaporizing the water. In desert climates some houses still use this system to cool houses for much cheaper than air conditioning in a system called evaporative coolers. Water is trickled across some media that has lots of surface area but also allows air to flow across it freely. A fan draws air through the media and vaporizes the water cooling the air down. It requires much less energy than an air conditioner, but it only works in low-humidity areas of the country, where water is already scarce and it makes your house smell like a fish tank.
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