Considering the connections some conspiracy theorists associate with the Illuminati and the British Empire (or rather their respective secret societies), him looking like a Cyclops with an all seeing eye is appropriate. Considering that Britain was the Pisces era's Babylon of the sea, it makes sense that he's a blue blob. I think there's a type of cyclops fish in real life, and I have to look it up but the cyclops in greek mythology may have been the offspring of Poseidon, the Sea God.
Well, the one from the Oddysee was descended from The Sea God and a Nymph. Polyphemus and the others on that Island. Just checked. Other cyclops were from Uranus and Gaea.