the following was taken from Allenjaeger.com: This is the final Ween poster ending the story of the squid / mollusk.
Ween finally catchers the legendary giant squid on the port of New Orleans with help from friends. Ween's unbelieveable story of the catch is historical and true, but there are claims from other parties such as a person known as choptop (seen in the back ground) claims it as his own catch. Choptop also claims that Buckethead is his guitarist in the CORNBUGS and not Colonel Claypool's band. He claims he discovered him first. Well the squid was caught and will never surface again.