Raw squid is a food item which can be eaten by the player.
Raw squid is dropped by squids. They drop a maximum of 1 raw squid, but the Looting enchantment increases the maximum number of possible drops by 1 per level. Also, Squids can drop 8 tentacles.
Squids can drop 1 Fried Calamari if the player kills them with fire via a Fire Aspect sword or Flint and Steel.