Volutella ciliata

The picture shows the sporodochia of the hyphomycete fungus Volutella fruiting on the surface of a film of water with the feeder hyphae arising from a submerged decaying fir leaf.

The fringe of setae around the fruitbody acts as a deterrant to marauding predators that would otherwise gobble up the succulent energy rich conidia that are enveloped in a slimy goo.

Sporodochium   =  is a tiny asexual fruitbody composed of a cushion-shaped stroma bearing a compact  layer of conidiophores (conidia producing  cells) onits upper surface.

Hyphomycete   =  a class of the Division Deuteromcyota (non sexual fungi)