Did you see this story? My question is how do they not know immediately it isn't whale blubber? I am sure we have an opti-oceanic/biology major that can answer that!
It will be a monumental find if it is the giant octopus as the last was in the late 1800's. Evidently it is quite rare.
http://story.news.yahoo.com/news?tmp...le_creature_dc
Bookmarks