The octopus, with its eight tentacles, has always been associated with hell. Early Christians associated it with Satan. Dreaming of an octopus is a sign of major subconscious conflicts and painful issues that need to be dealt with. The octopus can indicate someone who is able to influence you in many different ways. It can also indicate subconscious fears that are starting to surface. This is a positive sign, since once you are aware of them, you can take appropriate action to resolve them.