The giant squid gets oxygen from the water using 2 large gills in its mantle. Water is pumped over the gills by expanding the mantle and then pushed out via the funnel.
The squid uses this expelled water as one method of locomotion, in combination with pulsing the fins on the mantle.
Studies of stomach contents have shown that giant squid feed on:
The only known predators of adult giant squid are:
It has been theorised, however, that sleeper sharks may only feed on dead individuals.