We present results from deep H i and optical imaging of AGC 229101, an unusual H i source detected at v helio = 7116 km s −1 in the ALFALFA survey. Initially classified as a candidate "dark" source because it lacks a clear optical counterpart in SDSS or DSS2 imaging, AGC 229101 has 10 9.31±0.05 M of H i, but an H i line width of only 43±9 km s −1 . Low resolution WSRT imaging and higher resolution VLA B-array imaging show that the source is significantly elongated, stretching over a projected length of ∼80 kpc. The HI imaging resolves the source into two parts of roughly equal mass. WIYN pODI optical imaging reveals a faint, blue optical counterpart coincident with the northern portion of the H i. The peak surface brightness of the optical source is only µ g ∼ 26.6 mag arcsec −2 , well below the typical cutoff that defines the isophotal edge of a galaxy, and its estimated stellar mass is only 10 7.32±0.33 M , yielding an overall neutral gas-to-stellar mass ratio of M HI /M * = 98 +111 −52 . We demonstrate the extreme nature of this object by comparing its properties to those of other H i-rich sources in ALFALFA and the literature. We also explore potential scenarios that might explain the existence of AGC 229101, including a tidal encounter with neighboring objects and a merger of two dark H i clouds.