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I was pulling out weeds in my garden today and came across this. Hoping someone can tell me what it is exactly. Thanks

New memeber first time gardener

Oooh that's a creepy one especially with the red oozing liquid. I believe it's a kind of slime mold.

Toxcrusader just posted a couple of great links about them in another thread:

Subject: Mold in compost ?

toxcrusadr wrote:If it moves around, it may be a Slime Mold which actually aren't fungi but a completely different class of microbe.

https://waynesword.palomar.edu/slime1.htm

https://www.mushroomexpert.com/myxomycetes.html