Very Neat - need help IDing

I found this on my weeping bald cypress thought it was very interesting and was wondering if anyone could help ID?

What insect it was:

What are the 'ball' like things:

What is the fiber looking thing and what is it used for (it had a near perfect circle at the top):

Finally any other good info.

Thank you.

 

I am no expert but it looks like a moth emerging from a cacoon after pupation. I don't know what the "balls" are but maybe they are eggs or larvae of a parasite given the circle at the top of the cacoon.

 

I will agree, that maybe a Parasitoid wasp was the culprit of the 'balls' and that they were possibly eggs.

My first thought was also a moth and its cocoon of some sort but the insect casing itself is really throwing my off - it looks like a cicada skin (it is not, but that its what I think of when I see it).

I will take another look tomorrow and snap another pic or two.