Cepheus is a constellation in the northern sky, named after a mythical king of Ethiopia. It contains several notable deep-sky objects, including the emission nebula IC 1396 and the Elephant's Trunk Nebula, and is home to the red supergiant star Mu Cephei.
Source: science.nasa.gov
18/07/2014

A mysterious, squid-like apparition, this nebula is very faint, but also very large in planet Earth's sky. In the mosaic image, composed with narrowband data from the 2.5 meter Isaac Newton Telescope, it spans some 2.5 full moons toward the constellation Cepheus. Recently discovered by French astro-imager Nicolas Outters, the remarkable nebula's bipolar shape and emission are consistent with it being a planetary nebula, the gaseous shroud of a dying sun-like star, but its actual distance and origin are unknown. A new investigation suggests Ou4 really lies within the emission region SH2-129 some 2,300 light-years away. Consistent with that scenario, the cosmic squid would represent a spectacular outflow of material driven by a triple system of hot, massive stars, cataloged as HR8119, seen near the center of the nebula. If so, this truly giant squid nebula would physically be nearly 50 light-years across.