I stumbled across this octopus tea cosy while perusing ravelry for projects using Cascade 220 yarn (I love that you can search for projects by yarn!).
The project and photo are by sputnik of the blog Keeping in Touch. She describes it as "an octopus on a rock" - cute idea!
The octopus itself, and picture, comes from this pattern by Hansi Singh. It looks so real! She has a bunch of knitted toys on her ravelry site. I will have to try some now that I have stuffing left over from my knit pug.