What the hell is this?

Tons of different types of ā€œslime moldā€ out there. As far as I know they are not plant pathogens and usually transient when growing on live plants.

I’d physically remove it, but it should not infect the tree.
 
Crazy! Living in Florida the only slime mold I’ve ā€œseenā€ has been the shelf fungi that crawl around and eventually build shelves on dead wood to fruit. I’ve never seen the dog vomit in any color!
 
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