Kure Kure Takora, which roughly translates to Gimme Gimme Octopus is a strange Japanese children TV show. According to this Wikipedia entry, the big red octopus:
... employs a type of Ninjitsu where he can turn into anything from a dopey iguana to a vacuum cleaner to a guitar. His best-friend is the weak-willed squash Chonbo. While friends he has no problems leaving him for dead if he has to make a fast getaway. Like everyone else in the world, Kure Kure is in love with the fickle pink walrus Monro. His greatest fear is being doused with vinegar and being served as Sudako (pickled octopus).
Hit play or go to Link [YouTube] - Thanks Mr. Reasonably Green!
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I kept on expecting Godzilla to show up and have a fight with them.
once i found this clip by accident and the theme song moped me up for one week!