These little guys aren't incredibly rare and not that big. They can live up to five years and are no bigger than a foot long.
The Dumbo Octopus is a group that encompasses 17 different species, with differences ranging from ear size to colors variations.
They are the deepest living sea octopus in the world, living in the depths of the ocean about 13,100 feet below the ocean's surface.
Because of they live in the deep ocean depths, they are capable of surviving in icy, cold waters with virtually no sunlight.
These harsh living conditions greatly diminishes their their food supply, but they make due as foraging predators, eating creatures they find on the ocean floor.
Females can carry the male's sperm for a long period of time, choosing when to transfer it to their eggs.
Looks like Dumbo was in the wrong movie. It should have been set under the sea.
RELATED: Check out all these different species of octopus:
Different species of octopus
Different species of octopus
An incirrate octopod is shown at a depth of 4,290 meters taken by a remotely operated underwater vehicle Deep Discoverer near Necker Island, or Mokumanamana, on the northwestern end of the Hawaiian Archipelago in this image courtesy of NOAA Office of Ocean Exploration and Research, Hohonu Moana 2016, released on March 5, 2016. REUTERS/NOAA/Handout FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS
A flapjack octopus (Opisthoteuthis californiana) swims in its darkened tank for the upcoming "Tentacles: The Astounding Lives of Octopuses, Squid and Cuttlefishes" exhibition at the Monterey Bay Aquarium in Monterey, California, April 8, 2014. The $3.5 million exhibition, which opens April 12, will feature some species being raised and exhibited for the first time anywhere in the world. REUTERS/Michael Fiala (UNITED STATES - Tags: ANIMALS ENVIRONMENT SOCIETY)
Octopus Ophira, a so-called "octopus oracle" is pictured before it predicts Germany's victory in the Women's World Cup soccer match against Nigeria, at the Sea Life Aquarium in Berlin June 30, 2011. Ophira chose a fish from a glass tube with the German flag instead of a glass tube with the Nigerian flag to predict the winner. The 2011 Women's World Cup tournament is held in Germany June 26 - July17. REUTERS/Tobias Schwarz (ANIMALS ENTERTAINMENT SPORT SOCCER)
An octopus is seen in the Indian Ocean near Diani beach in the Kenyan coastal city of Mombasa, March 26, 2011. REUTERS/Natasha Elkington (KENYA - Tags: TRAVEL ENVIRONMENT)
Octopus Paul II is presented to the media at the Sea Life Centre in the western German city of Oberhausen, November 3, 2010. Paul II replaces World Cup oracle Octopus Paul, who died last week. The young French-born octopus was transferred to the Sea Life Centre some weeks ago so that Paul I could teach him predictive powers, but unfortunately Paul I died before he could do that, a spokeswoman said. It has not yet been decided whether Paul II will predict the results of the European Football Championship in 2012. REUTERS/Ina Fassbender (GERMANY - Tags: ANIMALS SOCIETY SPORT SOCCER)
Octopus "Paul", better known as the so-called "octopus oracle" sites on a soccer ball in his aquarium at the Sea Life Aquarium in the western German city of Oberhausen July 9, 2010. The octopus has became a media star after correctly picking all six German World Cup results including their first-round defeat against Serbia and their semi-final defeat against Spain. On Friday "Paul" predicted Spain's World Cup victory over The Netherlands and Germany's victory in their third place match against Uruguay. REUTERS/Wolfgang Rattay (GERMANY - Tags: SPORT SOCCER WORLD CUP ANIMALS SOCIETY)
(GERMANY OUT) Common Octopus, Octopus vulgaris, Roca Partida, Revillagigedo Islands, Mexico (Photo by Reinhard Dirscherl/ullstein bild via Getty Images)
An octopus is on display on April 24, 2013 at the State Museum of Natural History in Karlsruhe, southern Germany, to promote Baden-Wuerttemberg's 'Grosse Landesausstellung' (Great State Exhibition). From April 25 to October 27, 2013, the museum presents the show 'Bottomless - Through the Air and Under Water'. AFP PHOTO / ULI DECK / GERMANY OUT (Photo credit should read ULI DECK/AFP/Getty Images)
A Mimic Octopus, first identified in Sulawesi Indonesia, floats in a tank at the Underwater World Singapore's new showcase known as The Masters of Disguise, a collaboration of intelligent marine life form found in the deep seas. This species of Octopus mimics predator's physical appearances and movements, switching between disguises with ease, in color, shape and behavior.(AP Photo/ Wong Maye-E)
An octopus changes color in this underwater photograph taken while scuba diving Wednesday, May 28, 2008, in the Caribbean Island of Bonaire.(AP Photo/David J. Phillip)