The velvet worm is neither velvet nor a worm. These small hunters (ranging from 1 inch to 1 foot in length) belong to their own little phylum of Onychophora. They move like caterpillars (similar speed too), but their 'feet' (which again, aren't feet--they're called lobopods) move through hydrostatic pressure, since these critters have no skeleton and little in the way of musculature. Source