This is actually a real animal, even if it look like something someone have knitted, Nature is amazing.

Venezuelan Poodle Moth.
A newly discovered moth, first photographed in 2009.

(Source: http://www.snopes.com/photos/animals/poodlemoth.asp)

I must admit that it is seldom i find insects to be cute, even if i often find them fascinating.

But this one really is cute. :)

As it is pretty new, its not much to read about it in Wikipedia neither..
https://en.wikipedia.org/wiki/Venezuelan_Poodle_Moth