I had this idea in my head for quite a while and finally sat down to do it.
All in Blender.
Here’s a high res version: http://motionshiftstudios.com/works/octopus-with-cigar/
-rich
Great render to me, I like the water on the floor but the cigar is too dry.
Great character! Cute and mean-looking is a great combination. 
The apparent texture stretch along the tentacles is distracting but I like this a lot.