Just after "The Goonies" get out from the underground excursion, and they are on the beach. They are being swarmed by reporters, and one of them is questioning Data, the asian kid. He tells one of the reporters, "Yeah, and the part with the octopus was really scary!" This could be a kid embellishing a story (why would he need to with all that happened), but I have heard that there was originally a giant octopus in the movie that ended up on the floor of the editing room.