Cthulhu still lies dead but dreaming far below the waves.
Cthulhu did return to the surface briefly to construct a mighty new city, but it too was devoured by the ocean. With sufficient votes, this event could be immortalized on a t-shirt at Threadless. At least, as immortalized as anything can be in this finite, limited universe.
http://www.threadless.com/nextbigtee/why-does-this-keep-happening/ Consider giving it a "5" if you care about such ephemeral things.