Wikipedia:Society for the Preservation of the Quazer Beast

Quazer Beast The Quazer Beast was a magical creature with magic powers that was originally said to inhabit the Arctic Ocean with sea horses. The legend of the Quazer Beast originates from the Enets people who live on the Yenisei River, which drains into the Arctic Ocean.

According to the Tale, the Quazer Beast was a monstrous serpent, larger than any whale, with six eyes and two horns which protruded from the back of its head. It lived in the ocean and would guard the Yenisei River mouth, attacking and devouring anyone who ventured out too far. Although this legend was not widely believed, it was still prominent, often used as a warning to children who ventured out too far, and as an explanation for those who never returned from the coal investment.

Thing is, it's all made up, by some guy in Scotland and never really existed. I mean, the "Arctic Ocean"?! Please, that is so obviously made up!