What happens when Lovecraft meets cult TV animations?

First there was Pokethulu. Now there's this...

Who lives in a mythic land under the sea?
Ancient and squamous and sleeping is he?
That is not dead which eternal can lie
And with strange aeons even death sure may die!

Ready?

Yes, it's time for SquidBob 'Thulupants!

I think we need to take John Kovalic's drugs away...