I've seen this work actually. Not with dry ice, but just regular ice water. The dents have to be fairly fresh, and the panel needs to be hot. My buddy left the car in the sun for a while (summer), and then we heated it up some more with a heat gun. Nothing drastic to keep from scorching the paint, but nice and hot. Then just pour some real cold ice water over the dent. The extreme hot to extreme cold can make the metal return to its original shape.
It didn't just pop right back to new, but it thumped and creaked fairly loud and did come out a little. You can still see a slight, little wave in the paint if you look real close, but otherwise you can't tell. He used to detail cars, and says this doesn't work all the time. But, if the dent is still fresh and not settled in, it can work. I didn't believe him, but I saw it first hand, and it worked for the most part. He says it won't work on old dents, or real big creased type dents. But, just a small, fresh dent can come out.
Hilg