It seems like an ascidium to me. However, I think the best form for making photographs of animals like this is putting them on water, so their real morphology will be apparent.
It looks like solitary ascidian and it may belongs to Corella eumyota or some other Corella sp. and for further details use http://www.ascidians.com/, it will be helpful
This is a pelagic Thaliacean of the genus Salpa. The white string inside the animal is a stolon plenty of developing Salpas. The orange 'nucelus' is the stomach + the intestine of the animal.