Phallus indusiatus (The veiled lady fungus)

Phallus indusiatus, commonly called the bamboo fungus, bamboo pith, long net stinkhorn, crinoline stinkhorn or veiled lady, is a fungus in the family Phallaceae, or stinkhorns. It has a cosmopolitan distribution in tropical areas, and is found in southern Asia, 
Africa, the Americas and Australia, where it grows in woodlands and gardens in rich soil and well-rotted woody material. The fruit body of the fungus is characterized by a conical to bell-shaped cap on a stalk and a delicate lacy “skirt,” or indusium, that hangs from beneath the cap and reaches nearly to the ground.
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