courtesy of zooillogix.com
And here is a second view of the creature, looking slightly more piglet-ish. (Believe it or not, these are the same species, though the one below may actually be a subspecies: the banded piglet squid.)
courtesy of specialwayofbeingafraid.blogspot.com
As you can see, its common name is no misnomer in either case. This living water balloon’s tentacles and arms look more than a little like yarny, cartoony hair, a row of chromatophores below looks like a smile, and its siphon looks a bit like a snout. (At least I think it’s the siphon I’m seeing above the “smile.”) I’m guessing its discoverers named it after the small “p” piglet and not the A.A. Milne character — even if the second example looks more like a certain effeminate porcine resident of the Hundred Acre Woods. And that’s too bad, really, because the capital “P” piglet squid would have made a good playmate for the Dumbo octopus.
And then, of course, no one wants to play with the blobfish.
(Piglet squid info from Zooillogix, via Boing Boing)