Looks like a big-ass jellyfish to me...

[ManaMan]

<div style='font: 12pt Arial; text-align: left; '><b>Link:</b> <a href="http://story.news.yahoo.com/news?tmpl=s ... _2">"Giant Blob creature washes ashore in Chile"</a>

Looks like a big-ass jellyfish to me...</div>

[Tessian]

<div style='font: 11pt Dominion; text-align: left; '>"may be a rare type of giant octopus or just discarded whale blubber" LOL those are 2 extremes there</div>