No, I see it as a cocoon where silk worms are knitting beautiful purple flowers to offer them to nature. It's a silk flowers factory. You must have been in a bad mood when you first saw it. Have a glass of wine (or two, or three) and look at it again the way I am describing it.
Most people find worms,maggots,caterpillars, etc.. creepy because we are taught as children, that they are creepy. If you tell a child that they are beautiful, they will grow up thinking that they are. I will try to send you a link to a photo of a gorgeous caterpillar and you tell me what you think. I'll see how I can do it later.