latent heat of vaporization.. or something like that..
essentially it's refrigeration.. you take a liquid, you spray it through an orifice, and the pressure drop allows it to "boil off", essentially absorbing a mess load of heat. Same exact way the refirgerant in your A/C works, except that.. where water will maintain liquid form at a normal ambient temp and pressure.. refrigerant won't.. it has to be compressed in order to keep it a liquid.
The phase change is what pulls the heat out in essence.
Alky does the same thing, but can get a bit colder.. friends alky rail, likes to come back with the manifold sweating after his 180+ mph passes.. pretty cool really.. no pun intended..
day job is commercial refrigeration.. might have terms and things a lil mixed up.. it happens.. but the concept and meaning is true.