This is possibly one of the freakiest "mermaids" I've ever done. Sorry in advance.
The Rise of the Modular Meat-eater Mermaids
She was there once more, lounging by the rocks. The fog that enveloped her beach had some strange supernatural effect to it - it addled my mind and kept my vision blurry, but my senses were still keen enough for me to follow her song.
I came closer. Her smell was intoxicating, like something out of a dream. It smelt like the salty sands of the beach had found a happy marriage with a field of summer flowers, offering a familiar embrace for the sailor that brought to mind memories of both home and sea.
She was looking at me. Her face seemed somewhat odd - she had a mouth, but it didn't move. Yet, she sang, calling me closer to her. Her arms stretched towards me as if offering an embrace. Her body seemed to move and twitch in an ethereal way as if it didn't belong to the realms of flesh. As if she was one with the water that touched her dainty feet... or was it a fishtail? No, it was something else. She had many tentacles beneath her waist, embracing the rock she was on top. A strange sort of mermaid, but one that was equally enchanting, nonetheless.
I couldn't resist anymore. I offered my arms to her and moved into her arms.
She embraced me, but it felt strange. I moved in too close to her. Her two - no, four - six - arms brought themselves upon me, dividing and splitting into something else. She embraced me everywhere, pulling me closer, and closer, and then she opened up her entire body from top to bottom, splitting in half, and then pulled me inside of what seemed an endless mass of writhing tentacles. Her body closed around me, fully enveloping my being, plunging me into a strange, deep darkness.
That was when I knew I had sealed my fate.
Yet, I couldn't get myself to resist, or fight, or move away. My body was paralyzed by her wicked slime, making me a prisoner inside my flesh. I couldn't do anything but wait, as she plunged us both in the water.
She made us swim to the bottom. I couldn't see anything, but I felt the water becoming colder and colder.
When she let me go, I could see once again - but I wished I did not.
I saw my monstrous captor unravel herself into a swarm of body parts, that further transformed in front of my water-addled eyes. Her lovely face twisted and contorted. Its fair colors drained, being replaced by a strange, yellowish color with many blue and red rings on its surface. Fingers, arms, the lovely red hair - everything became masses and masses of tentacles in front of me. My lover became an army of underwater monsters, and they kept pushing me down towards a cave, hidden away behind a large coral.
They had brought me to their young, and I was their dinner.
I couldn't even scream.
So, hear me out.
Eusocial cephalopods are one of the most scary beings ever devised. Not because of what they can do on their own, but because of what they can do together.
I don't see those beings hunting in the classical manner. Instead, they would be incredibly creative killers, banding together and using their innate biological weapons to paralyze and murder their dinner candidates in the most horrific way possible.
Ahem.
I believe they would disguise themselves as either food, or mates for their prospective victims. Then they would imitate the mating calls of those that they hunt, bringing them closer and closer, until they could bite them with their incredibly toxic venom. This would paralyze the victim, which they would them grab and move towards their "nests" deep below.
How they move their victims is their most insidious trick.
They start by swarming around its body and eveloping the victim with their tentacles, adhering quite strongly to it. Once they had done so, they take control of the victim's movement, forcing it to "walk" or "swim" towards a place where they call pull them down towards their nests.
Once they're on their nesting area, they release the victim - which, still paralyzed, can't do much besides being eaten alive by those creative killers and their young.
Did I mention they were freaky?
Just a note: While my sample text depicts a poor human/humanoid alien being eaten alive by one of those mermaids, their prey can be pretty much anything that can be tricked by the Modular Mermaid mimicry.