I enjoy it. It is the sensations of both heat and cold and being able to sink down into the hot water to warm your now-cooling skin only to rise up out and feel the water cool down on your body. Seems to relieve stress perhaps because you are experiencing two extremes of the spectrum simultaneously. I recall one year a hot tub snowball fight. That was an experience.
Several times we have a tub set up next to a river and would run (actually fast walk/hobble) from the tub to the river and walk in then sink down and totally submerge ourselves in the cold flowing water.
One time a friend did this, came up and sank back down to his neck and squatted there for a while. When he finally tried to get up he found he could not move, nothing, not a muscle, not even in his face. He said it took a while and quite a bit of mental effort to finally release himself from the paralysis. To this day he wonders if it was physical, mental or some combination. I have never heard of this ever happening to anyone else before nor since the incident. We still wonder what it was that caused it.
BTW he has not stopped using the hot tub/cold water method even after this experience. He is, however, careful to have someone else around just in case.