Wolf's Milk (Lycogala epidendrum)
Slime mold aethalia (fruiting bodies) growing highly rotted wood in a dense mixed hardwood/coniferous forest in NW Georgia (Gordon County), US.
This is the fruiting form of Lycogala epidendrum. The aethalia are spore-containing masses. However, L. epidendrum is also able to move around as a plasmodium, phagocytosing bacteria, fungal spores, protozoa, and inorganic matter.

Lycogala epidendrum is a cosmopolitan species of plasmodial slime mould which is often mistaken for a fungus. The aethalia, or fruiting bodies, occur either scattered or in groups on damp rotten wood, especially on large logs, from June to November.

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