squid /skwid/

1. Any large-headed cephalopod mollusc, esp of the genera Loligo and Ommastrephes, with a long tapering body, ten tentacles and triangular tail fins
2. A bait or lure of, or in imitation of, a squid
3. An antisubmarine mortar
4. A pound sterling, a quid (slang)
5. A lead puck used in the game of octopush

To fish with a squid

SQUID /skwid/ (physics)

Superconducting quantum interference device (any of several devices used to measure extremely small currents, voltages and magnetic fields)

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