Oh Em Squee, look at this thing!

I guarantee this is the fanciest octopus you will see all day:

Unless you work at a tuxedos-required aquarium...

Redditor ohjessie made this as part of a site-wide gift exchange and holy crap is he adorable!

The pattern for the octopus itself came from the book Little Knitted Creatures, which is totally going on my wishlist now. Use Amazon's "search inside" feature to see the other cute patterns in it. (I'm particularly excited for the wee turtle and gnome.)

The mustache pattern can be found here and the tophat here.  Both are crochet, but use very basic stitches so perhaps this would be a good intro project for those looking to start crocheting!