it's a toy plastic eyeball.

The earliest suggestion of unusual disappearances in the Bermuda area appeared in a September 17, 1950, article published in The Miami Herald (Associated Press) by Edward Van Winkle Jones. Two years later, Fate magazine published "Sea Mystery at Our Back Door", a short article by George Sand covering the loss of several planes and ships, including the loss of Flight 19, a group of five US Navy Grumman TBM Avenger torpedo bombers on a training mission. Sand's article was the first to lay

it's the Bermuda Triangle

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