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Their fins are what makes them resemble the Disney character
The most distinctive features of this type of octopus are the fins that extend from an area just above their eyes. They can use these to slowly swim in the depths of the ocean. As you can see, this feature strikingly resembles the ears of the Disney character Dumbo. Similar to the elephant in the 1941 animated movie produced by Walt Disney Productions, the Dumbo Octopus appears to be using these fins to float around.