Experts in Chile have been running tests on the baffling 12-metre blob and say it's the carcass of a sperm whale.
Some people had thought it was a giant octopus or even a completely new species of creature.
But researchers at the Museum of Natural History in Santiago found the big lump of flesh contained the glands of a sperm whale.
Moby Dick
The sperm whale, made famous by Herman Melville's Moby Dick, is the largest of the toothed whales and dives deeper than any other whale.