Warm objects, such as your air-cooled engine, lose heat when exposed
to cooling air. If there’s no local air movement, as when you’re
sitting at a stop light, heat radiating from your engine will hang
around and warm the air around it. And you too, if that light doesn’t
change.
However, moving air carries heat more effectively than air
that’s
not moving, so when the light changes, off you go to cool off. The
greater the wind speed, the faster heat is lost.
Wind chill works
the same way. When you’re moving, you feel
cooler than when you’re sitting at the light. Your engine cools
down too. That’s the wind chill effect at work.
How much wind
will a wind chill chill? In the fall of 2001 the National Weather
Service began using a revised wind chill formula based on
new research on how wind and cold air affects people. Wind chill
tables are designed to indicate the dangers of different combinations
of wind and temperature on the bodies of humans and animals. The
old wind chill formula was based on experiments with a can of water
hanging on a pole in Antarctica in 1945. The new index was tested
on human subjects and is based on heat loss from exposed skin.
Science marches on.

You can see from the new chart that on a cool day, say about 50
degrees, riding your bike unprotected at freeway speeds will cool
you down enough to chill your beer. If the weather drops just five
more degrees, you could freeze your latte.