Only In Australia 9 - Giant Squid in Ice

The video introduces a giant squid, described as a terrifying monster, on display at the Melbourne Aquarium. The squid is 7 meters long and preserved in the largest block of ice in Australia. The narrator humorously notes that such a large squid could provide calamari for years and observes that its eye seems to follow viewers around the room.

What does the phrase 'the terrifying monster of the deep' refer to?

What unusual observation is made about the squid's eye?