This image is of a spiracle from the large beetle known as the Devil's Coach Horse, Staphylinus (Ocypus) olens.
http://en.wikipedia.org/wiki/Devil's_Coach-horse_Beetle . The image is taken of a slide by an unknown Victorian mounter. The quality of the mount suggests a professional, or a very proficient amateur. Spiracles are respiratory openings found on the thorax and abdomen of insects. The spiracles are connected to trachea - tubes within the insect's body. Oxygen enters the trachea via the trachea and then diffuses into the insect's body. The entrance to the spiracle in this case is protected by a dense mass of hairs that protect against the entry of foreign bodies and by reducing mass air movement, reduce water loss.
The final image is a stack and stich of 179 images in 6 stacks. Nikon X10 0.25 Plan DIC objective. Nikon 0.55 phase DIC LWD condenser, Nikon Diaphot microscope. Camera, Canon EOS 40D. Stacked with Helicon Focus, stitched with Microsoft ICE.
The blurred area to the top left is the unfortunate consequence of an out of focus scratch on the surface of the cover slip. This slightly mars what is otherwise a fascinating and unusual subject.
There is a larger 20 Mpixel zoomable version here
http://photosynth.net/edit.aspx?cid=120 ... d4afc10e37
This near 100% crop gives a good idea of the detail captured in fairly deep stacks of 20-30 images across the subject.

Leitz Ortholux 1, Zeiss standard, Nikon Diaphot inverted, Canon photographic gear