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Originally Posted by luminoussun
yea...like i said ..a sea monster 
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But one whose mythical origins precede the movies by half a millenium or more :
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Kraken are mythical sea monsters of gargantuan size, said to have dwelt off the coasts of Norway and Iceland. The legend may actually have originated from sightings of real giant squid that are variously estimated to grow to 13–15 m (40–50 ft) in length, including the tentacles.
Even though the name kraken never appears in the Norse sagas, there are similar sea monsters, the hafgufa and lyngbakr, both described in Örvar-Odds saga as a giant spider-creature (c. 1250, Konungs skuggsjá.) Kraken is the definite article form of krake, a Scandinavian word designating an unhealthy animal, or something twisted. In modern German, Krake (plural and declined singular: Kraken) means octopus, but can also refer to the legendary Kraken.
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http://en.wikipedia.org/wiki/Kraken