A gray-green lichen with pink knobs that are fruiting bodies.
This lichen grows only on old stumps; this particular one is an ancient cedar snag.
The lichen is overtaking the moss next to it, slowly growing over it. These lichen patches have been growing here for many many years. The substrate is well-decayed; it may have been 150 years since the cedar tree burned. Apparently this lichen occurs all over the world. Its common name is vivid; one can imagine "seeing" an inebriated fairy perched on the various shelves and hurling pink chunks.