Now, the colossal squid really does exist - and it's bigger than the giant squid! Current estimates put the colossal at 12–14m long - that's 39–46 feet. Its mantle is longer than the giant squid, but its tentacles are shorter. And instead of suckers, it's got rows of swivelling hooks on its tentacles. The colossal squid is thought to have the biggest eye in the animal kingdom.

http://weblog.greenpeace.org/oceandefenders/archive/2007/03/the_really_really_big_col.html