I don’t know if anyone recalls this post: Aarnivalkea. In it I wondered if ‘will o’ the wisps’ were actually references to bioluminescent fungi since the Finnish word for ‘will o’ the wisp’ is aarnivalkea — the ‘aarni’ being an archaic word for a giant tree. This brought to mind these two quotes:
The mole took a piece of decayed wood in his mouth, for that glimmers like a light in the dark, and then went on in front, and lighted them through the long dark passage.
— Hans Christian Andersen: Thumbelina
. . . in a rotten tree stump found some bits of glowing wood like fire . . .
— William Elliot Griffis: Japanese Fairy World
And as it turns out, there is a bioluminescent fungus! Or well, there’re quite many of them but foxfire fungi at least grow in decaying wood. I’m not going to go through the whole list of bioluminescent fungi, I’m just content that my thoughts were proven correct.
As a fun aside, the word for foxfire in Finnish is ‘peikonkulta’ which means ‘troll’s gold’. It could also be translated as ‘goblin’s gold’ which is a bioluminescent moss.