There are two main discussions happening here. First, what are you?

The theories are wide ranging

Via: MissSara13
Srlsy, can squee just take its own pure form?
The second debate revolves around its, umm, belly button?

Via: MissSara13
I'm leaning towards fuzzy hippo

Via: MissSara13
Either way, I just want to live on the tip of your nose little beardog

Via: MissSara13
After you deal with your feelings, post your theory in the comments. We'll update this list with some of the best conspiracies of which creatures were crossed to create the floof.