It is one of the four really safe wild mushrooms in the Northwest. If it looks anything like a Morel it is a Morel and good to eat. Throw away the very bottom where the dirt starts then slice it and fry it in butter.

alot of places here in Indiana are getting $40/lb for those

Thanks everyone, fantastic replies.
Here is a good article found on the false morel.
http://thegreatmorel.com/falsemorel.html

It will not be hard to tell the difference, given this info.
My husband just asked a question, can you eat the morel raw? I'd think so.
Sounds much more delicious to saute in butter though.

This is cool, I love mushrooms! But I have never gone mushroom hunting before. I hope I can find some more of these. Last fall our neighbor asked if he could go hunting for Chanterelles, he said he did find a few.
Last year I found out you can eat the tops of fiddlehead ferns, before they open up.
We also get all kinds of berries at our place, besides blackberries I have also seen thimbleberries, salmonberries, and black raspberries.