Giant steampunk spider by François Delarozière's La Machine for Royal de Luxe. You can read about La Machine here. And here's video of some of their other steampunk creations:
Little Girl Giant
The Reverse-Propelling Squid
Lantern of the Depths
(None of these are particularly new.) Via.
*Previously: Steampunk pocket watch.
*Buy steampunk creations at eBay.