I notice the same thing in my tank and found this discription with an identifiable pic on
Saltwaterfish.com Message Boards - Hitchhiker Identifications
It has an entire listing of hitchhickers that can be identified, a big help.
They called it a sponge
Sponges: (white spiderweb looking stuff)
To date, there are over 5000 species of sponges described so identifying a particular sponge can be quite tricky. Most of the hitchhiker sponges I have seen are filter feeders, feeding on tiny particles, bacteria and/or dissolved organic matter. Photosynthetic sponges often die off during the transportation of the live rock but that is not to say some will not survive.
ALSO Q-tip sponge (looks like top of Q-tip)
Q-tip sponges: As the name implies, these are sponges that are about the same size and shape as the end of a q-tip swap. They have a small opening at the top, and can also look a bit like a pineapple. Like spirorbid worms, they are often found in young tanks. They are harmless filter feeders that also tend to decline in numbers once tanks mature.
hope this helps