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No, really.

The only thing we know for sure about Varys is that nobody knows what the hell Varys is up to. He seems to play for every possible team depending on what time of day it is, and theories about the object of his true loyalty range all the way from Pentos to the Blackfyres to, according to this fan theory, the king of the mermaids.

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They do have the manatee resemblance going for them.

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And yes, they do have them in that universe -- though we haven't actually seen any of them (that we know of), there have been a few references to mer-folk scattered throughout the story: Brienne is warned of fish-like creatures called squishers who walk on land and eat the flesh of humans, and Tyrion jokingly mentions "Merlings" as an example of something made-up while dismissing the existence of White Walkers beyond The Wall (note that the White Walkers responded by being totally real).

There are several references to Varys having a "slimy smile," and he takes great care not to show his teeth -- perhaps because they're pointy fish teeth that would betray his secret. Varys and Illyrio Mopatis, his co-conspirator, both emerge from a well when we first see them together, and both are noted to be extremely light on their feet despite being a pair of undulating fat men, which could indicate superhuman fish strength. Varys' name even looks like it's derived from two aquatic words ("vari," meaning "stream," and "varish," meaning "to sleep on the sea"). Then there's the time Tyrion threatened to throw Varys into the sea, to which Varys replies, "You might be disappointed in the results":