There's one problem: IT'S NOT A "CHUBACABRA."
Take a look at the photo below. This is a picture of a hairless raccoon, most likely suffering from a genetic abnormality (or mange) which was found in Florida in 2011 (and currently lives in a Wildlife rehab facility).
Now, take a peek at the photo of the "Chupacabra" found in Texas (or view the video for a clearer picture). Everything from the facial features and nose to legs and skin is EXACTLY the same.
Sorry folks, but what we have on our hands is a cute little raccoon who is sadly suffering from an animal form of alopecia (experts agree), NOT the mythical night stalker of Southern lure and legend.