Cotton-Eye Joe?

[DojosWithMojo]

Just noticed that my powder blue gourami has what looks like cotton growing out of one of his eyes. Not on or over, just sprouting out from the edge.
What is it and how do I treat it? More importantly, is it contageous?

 

[FLESHY]

This is the section for saltwater, however that sounds strange.

It definitely shouldnt be taken lightly. I would guess that it was non parasitic, and some sort of fungal thing.

You should post pictures in another thread in the appropriate area.