Ambergris, or whale vomit, is a solid waxy substance originating in the intestine of the whale, which is frequently found floating on the water or washing up on the coasts. It can also be found in the stomach of dead sperm whales. It is highly-valued by the perfume makers as a fixative which allows the scent to endure much longer. 'Whale Vomit' Seized in Goa: Two Arrested at Madgaon Railway Station With Ambergris Worth Rs 5.60 Crore.