Complex sentence: Insectosaurus (often referred to as "Insecto") is formerly a grub transformed by nuclear radiation into a monster with the ability to shoot silk out of his nose, similar referencing that he is a giant monster silkworm.
Split into simpler sentences: Insectosaurus (often referred to as "Insecto") is formerly a grub transformed by nuclear radiation into a monster with the ability to shoot silk out of his nose. She similar referencing that he is a giant monster silkworm.