Obviously it was going to be something with tentacles.
LO AND BEHOLD!
I prefer to draw stuff by hand but the lack of a scanner at the moment is forcing me to draw straight into photoshop using my tablet, but I'm getting a little better with it, though I still find it difficult to draw smooth curves. I drew him out roughly and then played around with colours. I really wanted to make him turquoise, but every time I draw a squid or octopus (or make a giant one!) it's turquoise, so I decided to try a different colour for once!...
I built him up in layers just using blocks of flat solid colour, a pinky red colour for his main body and a peachy colour for the underside of his tentacles...
Next step was to add shading by adding lighter areas to the octopus. This is kind of the backwards way of doing it but it's just laziness as I just used the same paths that I'd used to create the main shape and just moved them around a bit and shrunk them down...
Once I was relatively happy with the shading I added his eye, I did this in the same way, building it up layer upon layer...
I don't know what I'm going to to with the background, I don't like having too much detail, so I just added a turquoise colour (I had to get it in somewhere) with a gradient on it. I might play around with some textures, maybe something like the ones I used on my final show photos/drawings.
So this is where I'm at now, I've started drawing on some suckers which I'll probably just colour free hand rather than using paths.. 'cause it's easier... I'm not sure whether I should put something else on there with him too, I like to have clear space on my desktop for files and stuff, so we'll see...