A favorite topic. I had a sighting myself, though not "terrifying", which I submitted to Phantomsandmonsters.com a few years ago. Surely, many if not most of such sightings are misidentifications, with fabrications sprinkled in. Not all, though, imho. If I were ever to retire, I'd like to compile all such accounts (there are alot) into a database.
There is also a well known case occuring during a fight between the U Boat 28 and the British steamer Iberian during WW I - July 30th, 1915 What is clear is that we ignore far more from our seas than from the space
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