It's called a Puss Caterpillar.
It has been briefly mentioned in a previous post, but I thought it deserved more. I started searching for caterpillars on the internet after being stung by what I think was a Saddleback caterpillar today and found this interesting critter:
This cute little dude can pack a powerful punch. That "fur" contains venomous spines that cause a extreme reaction which may include hives at the sting sight, severe burning pain radiating out from the sting, nausea, headache, and even chest pain and difficulty breathing.
Oh and it's supposedly called a Puss Caterpillar (or when it grows up a "Pussy Moth") because it resembles a small Persian cat....but....I don't know....I think there's something else it resembles more.
Just kidding really. But it amuses me.
Also, they're pretty widespread...North America, Mexico, and Central America. They live in gardens, on common trees and are basically going to eat you in your sleep.
PLUS, instead of building a normal cocoon like a normal caterpillar, it actually separates itself from its skin (yaay recycling) and hides in there while turning into this jacked-up moth:
That's right. Fear them.
Ha...Wikipedia also mentions the hilarious fact that their cute, puffball appearance actually encourages (stupid) people to pick them up and play with them. Ow.
However, if you now desire a cute fuzzy caterpillar that won't hurt you, Woolly Bear Caterpillars are pretty safe and have a much cuter name:
And here's this funny alpaca thing that looks like a caterpillar: