He has recently earned a nickname, Monty. He can't be in the public eye without a nickname can he?

FOX News has called in Jeff Corwin from Animal Planet to come and talk about what Monty really is.
(Sorry i couln't find any embed codes so you guys are gonna have to click a link to view the video)
Click Here To Watch The Video

Heres a list of what the Montauk Monster could really be:
(From gawker.com)

"It's a viral marketing campaign for Cartoon Network: Officially denied.

It's some other viral marketing: Only if that 22-year-old waiter is lying, as is the original discoverer when she goes on PlumTV tomorrow to talk about it. This would probably also mean our original tipster, who is now named in the New York piece, was probably in on the scheme and is thus lying.

Gawker invented it: Someone mentioned this in the comments. Like we convinced all these people to go along with it? Just for some pageviews? That's wayyy too much work. It would be much easier to just have Blakeley do another mashup of TV news bloopers and so forth. Of course I can only speak definitively for myself.

It's a turtle without the shell: Apparently this doesn't work because of the teeth. Or so say the comments!

It's a dog that decomposed in the water: Still the most likely explanation.
It can't be a dog because of the way it decomposed and/or because it has a "beak": The "beak" could be the result of cartilage worn away by the elements, no? And keep in mind that if a garbage bag or similar were placed over the dog before it went into the water, different parts of the body could decompose at different rates.

It's a nutria: Interesting!

You can't tell the size of the thing because the photo has no scale: Sorta true, but maybe this will help: The full resolution version of the photo makes it clear that the black dot-looking thing on the corpse's upper back is a mosquito. So this thing looks fairly small."

For those of you wondering what a nutria is: