I also don't like to use these compressed air guns. I'm not entirely sure what it is, but it sometimes shoot a watery/steamy/something-y residue as well.
You guys who are getting liquid to come out of compressed air cans just don't know how to use them. It says right on the can to use only upright.
Compressed air cans are perfectly fine, I use them all the time. The con of course is they are expensive and after a minute or so of use it gets too cold and the air pressure is useless.