In winter, on a wet day, sometimes you see something coloured like egg yolk up in a tree. It is a mushroom, Witches' Butter (Tremella mesenterica), a yellow gelatinous mass (no, it is not like butter) on a dead branch in an oak tree. In this picture the branch is covered in green lichens.
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The Witches' Butter lives in an indirect way from dead wood, it is a parasite and lives on the mycelium of another mushroom that grows in the dead branch.