Whether you use octopus or squid in this recipe, the outcome will be the same: Pure deliciousness. The squid (or octopus, take your pick) here is cooked in a pressure cooker for about a half hour to become perfectly tender and not the least bit chewy or dry. It's then combined wtih onion, garlic, tomatoes, bell pepper, and rice for a hearty meal in one. Be sure to use long grain rice for best results.