Horseshoe crabs are an ancient species dating back over 200 million years. While there were hundreds of species in the past, only five remain today. They are marine arthropods that use book-shaped gills under their abdomen to absorb oxygen from water. When they come ashore to mate, their eggs provide an important food source, and their blood is collected by pharmaceutical companies due to its unique clotting properties, which are used to treat diseases like hemophilia.