Does anyone remember the story of Tailypo?

Tailypo is a North American folktale, specifically from the Appalachian Mountain area. The story goes that an old hermit lived in a cabin with only his two hunting hounds for company. One night while out hunting, he comes across a dog sized creature with red eyes, pointed ears and a very long tail. He shoots at the creature and severs the tail with his shot. He takes home the tail and eats it. When he goes to bed the creature comes to his cabin demanding the return of his tailypo. The man sets his dogs on the creature, but only one returns. The second night the same thing happens again, and again he sets his dog on the creature. The second dog never returns. The third night when the creature returns, when asked where the tailypo is, the man says that he doesn’t have it. The creature yells back, “Yes you do!,” and precedes to ferociously tear into the mans stomach to get his tailypo back. The legend states that sometime, on dark nights, the creature can be heard searching for it’s lost tailypo.