Question
I found a strange plant growingin the mulch in my front yard. I don't have a picture but it is orange and looks just like a carrot without leaves except it is soft and sponge like and the tip is brown and wet. Its a very strange looking plant and nobody can figure out what it is.

Answer
Chelsea,

Sounds like a stinkhorn mushroom.  It is a fairly common fungus that can pop up in a matter of hours in your flower beds.  The "wet" portion at the top produces the spores of the mushroom.  At some point it is usually very foul smelling and attracts flies that walk around in the spore containing slime and transfer it around the area.  They are completely edible if you can get passed the smell.

Check out this link for a picture.

http://www.flickr.com/photos/martinlabar/245227172/

Good Luck,

John