From the Super Mario Wiki
Chilly Waters is a winter-based board in Mario Party 3. It is inhabited by Penguins and a large Mr. Blizzard who sits at the top of the board. When someone lands on a Happening Space, the giant Mr. Blizzard wakes up and throws an enormous snowball that rolls to the left (then downward), or to the right (then downward) off the board. Players caught are chased down by the snowball and run to safety, sending them back a few spaces. This is the Action Time of the board. It is also possible to trigger this event by paying the snowman five Coins when the player passes in front of it. The board has many junctions, including an icy five-way junction at the center of the board. If a player lands on this ice while there is someone on there already, the ice cracks, and both players run to safety at the southeast end of the board. Additionally, when players attempt to leave the icy lake in the center, they have a small chance of slipping on the ice, ending their turn early on the space at the edge of the ice (which can cause the ice to crack).
In Story Mode, the human player goes up against three opponents and battles here to get the Wit Star Stamp.
The following table shows how many spaces there are on the board, and how many there are of a certain type.
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