Seal-a-meal. Paper, water, and hours: not a good recipe.
I'm not using "Cook" or "Warm". I'm using a small box with a PID controller, into which is plugged my rice cooker, and which is itself plugged into the wall. A small digital thermometer checks the temperature of the water that fills the rice cooker and modulates the power to keep it within a degree or two of the set temperature I want.
Right now, a pair of rib eyes and some tilapia filets are being held in there at 129f. In a couple minutes, I'll pull the fish and stick it in a smoker for a couple minutes, then sear both sides of the steak for 10 seconds or so, then plate and serve.
It's a vacuum seal plastic bag and you let the pid controller keep the bath at a temperature a few degrees warmer than you want the steak to finish at. Take them out of the bag and sear them really quickly and you have perfect steaks.
What setting are you using? Cook or Warm?