
Wrightoporia austrosinensis (aka "Bubblegum Fungus")
This fantastically stretchy fungus was discovered under the bark of what I'm assuming was a fallen/rotting loblolly pine (Virginia pine was nearby as well). In a moist mixed forest valley (near underground springs), Gordon County, GA, US. January 2021. There was infection throughout the interior wood as well. It felt like a mix between stretchy bubblegum and slightly sticky spider webs!
Check out this video of the stretchiness in action!
Bill Sheehan made me aware of this fungus a few years back, when he posted an observation from the Athens, GA, area.
Similar species: Russulales

By Flown Kimmerling
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Uploaded Jan 24, 2021. Captured Jan 24, 2021 10:34 in 227 Oakman Rd NE, Oakman, GA 30732, USA.