Eye of the Beast (2007)

From the Depths of the Ocean Comes Man's Darkest Fear.

This menacing monster yarn stars James Van Der Beek as government scientist Dan Leland, who's sent to investigate reported sightings of a giant squidlike beast that's put the entire population of a fishing village on edge. Though Leland starts his journey confident that this sea creature with an insatiable appetite is the stuff of old legends, a string of horrific occurrences soon begins to change his mind.