Hmmmm...well, if you ran water into the engine via the oil filler hole that could lead to some problems...but it doesn't sound like you hydro-locked the engine...
Some things to check would be to have someone crank the engine and check to see if the engine is actually turning over...if not it could be your timing belt is broken...
If that checks out OK (meaning the engine is actually turning over) the next thing would be to check that you have both spark and fuel...
pull one of the plugs and smell it for gas after you've cranked it over a few times...if not...then you need to check the fuel system...
with the plug still out, connect the wire to the plug and crank the engine with the plug touching the body of the truck or the motor...you should see the spark...if not...check out the ignition components.
If fuel...check the fuel pressure regulator...pull the vacuum line off of it and smell it...if you smell gas then the FPR is pooched and you need to replace that...otherwise...check that the fuel pump(s) are actually activating when you turn the key on...apparently you can hear them running when you turn the key on.
that should keep you busy for a few hours and either allow you to correct the problem or until someone on here gives you a better answer...
Make sure to post the results if any...especially the part about whether you are getting fuel and/or spark...and whether the engine is actually turning over...