Lost in the gasoline swimming match and cooked into Kabayaki.
During the 21st Chojin Olympics: The Big Fight, a preliminary match is announced at yoyogi swimming pool.  It is revealed that the swimming pool is filled with gasoline, which will be ignited once the competitors set off on the opening mark, and they must outrun the flames. Eelman is in lane one of the pool, where he competes against Shell King, The Potato, and Squid Devil. They all get off to a good start, but soon are all consumed by the flames. They are burned to death, and a commentator mentions that they all look delicious. 
- In the anime he is replaced with "Octopusman"