The video was recorded by researchers on a National Oceanic and Atmospheric Administration (NOAA) expedition. As the name suggests, the dumbo octopus is named after the famous flying elephant of Disney "Dumbo" due to its distinctive floppy fins. Here's a video showing an adult:
The video accompanied a new paper published yesterday in the journal Current Biology, under the name "Dumbo octopod hatchling provides insight into early cirrate life cycle."
Adorable, isn't it?