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coral fungus of some kind
This is probably Crested Coral fungi (Clavulina cristata). Note the fine toothed tips of each horn that distinguishes it from Jellied False Coral (Tremellodendron pallidum). Others should weigh in though, because I'm not confident of the ID.
Lat: 44.64, Long: -85.77
Spotted on Jun 29, 2011 Submitted on Jun 29, 2011