Identification: Strange Orange Fungus!

This fungus started to grow in my basement after a lot of rain and moisture. It has no smell that i can smell, and looks like strips of orange, curly wax that grows right out of the ground. The newborn fungi have little arms and are very small. Could someone please help me?

 

Could be one of the jelly fungi---wood-ear and witches'-butter are two of these.

http://www.hiltonpond.org/ThisWeek020322.html

 

Thank you! I believe it was the witch's ear.

 

I'm going to suggest Peziza domiciliana for consideration.

 

I think MycoRob is right
-frog

 

MycoRob, once again, I would rather suggest the closely related Peziza cerea (syn. P. varia). Please, see these threads:

http://www.botanicalgarden.ubc.ca/forums/showthread.php?t=10633

http://www.botanicalgarden.ubc.ca/forums/showthread.php?t=24354


Cheers,
Harri Harmaja
http://www.fmnh.helsinki.fi/users/harmaja/index.htm