It seems like Bill is conducting a controlled experiment or process involving heat transfer. By capping the water bottle and immersing it in boiling water, he is likely attempting to create a vacuum seal or sterilize the bottle. The subsequent immersion in cold water may be a method to quickly cool down the bottle, potentially creating a vacuum effect as the air inside contracts.
If you would like to explore the science behind this process, I can explain the principles of thermodynamics, vacuum sealing, or any other related topic. Let me know how you would like to proceed!