This image of a unique deep sea octopus was captured by NOAA photographers in the Gulf of Mexico. Due of its ear-like fins, it is known as the dumbo octopus because of its resemblance a famous movie elephant. There are 17 known species of Dumbo octopus that belong to a group called umbrella octopus, because they are able to float with an umbrella-like look to their mantle. They are found in deep waters all over the world. They live on the sea floor or hover just slightly above it at depths of depths of up to 13,000 feet (4000 meters.