All about The Kraken:
The Legendary Kraken
The legend may actually have originated from sightings of real giant squid that are estimated to grow to 13 metres (46 feet) in length, including the tentacles. These creatures normally live at great depths, but have been sighted at the surface and reportedly have "attacked" ships. they are 330-490 feet wide. there tenticles can grow up to 900 feet long. and canweigh up to 400 tons
Putting 'the squeeze" on a peson would result in information gathering with the person being 'launched' like a ripe banana
from its peel.