I noticed the squishy fat phenomenon as I lost weight too -- at first, the fat was pretty solid and then it would get really loose and jiggly (and gross) but then it would disappear. The reason for this -- at least what I was told -- is that before you lose weight, the fat is marbled IN your muscles as well as surrouding them (and this is very unhealthy, I've been told). That's why it's so solid and attached -- the fat in the muscle anchors all the surrounding fat to the muscle. The first fat you lose is from
inside the muscle, so the muscle and fat are no longer attached and the fat gets all wobbly and jiggly without the muscle anchor. After you lose the intramuscular fat, you finally you lose the fat that was
surrounding the muscle (and you can see your lovely muscles

). I don't know if this is true, but it made sense to me.
That's one of the (many) reasons why weight lifting is so great for fat loss and appearance -- working and building the muscles helps to get rid of that intramuscular fat.
