The picture doesnt do it justice. It's got fur so soft u want to pet it. Its not the wooly bear black fuzzy kind. If u look under the furr it looks just like a japanese beetle grub except its yellow instead of white. Never seen one before. Any thoughts?
The shape of it looks like a Flannel Moth cat, but they have stinging hairs and you didn't mention you were stung. Here's some info on it:
http://images.google.com/imgres?imgurl=http://www.bugsinthenews.com/puss_c1.jpg&imgrefurl=http://www.bugsinthenews.com/puss_caterpillar_092602.htm&h=480&w=640&sz=23&hl=en&start=23&um=1&tbnid=LhZggn3pmd6poM:&tbnh=103&tbnw=137&prev=/images%3Fq%3Dstinging%2Bcaterpillars%2Bin%2Btexas%26start%3D20%26ndsp%3D20%26svnum%3D10%26um%3D1%26hl%3Den%26rlz%3D1G1NONE_ENUS246%26sa%3DN
