Oh yeah, well WE have the world's largest earthworm: almost 4 meters long, found in Gippsland, VIC, and it fucking glows in the dark. You can see it retching at you even in the dead of night. But let's not get into a fight over who has the most retarded fauna; I'd win.
That said, I love your fascination with bugs, although this isn't one. Reptile. But it bloody well looks like a bug.
When I was in Sydney I met a funnel-web. Would you like them?