Public clouds provide scalable and cost-efficient computing through resource sharing. However, moving from traditional on-premises service management to clouds introduces new challenges; failure to correctly provision, maintain, or decommission elastic services can lead to functional failure and vulnerability to attack. In this paper, we explore a broad class of attacks on clouds which we refer to as cloud squatting. In a cloud squatting attack, an adversary allocates resources in the cloud (e.g., IP addresses) and thereafter leverages latent configuration to exploit prior tenants. To measure and categorize cloud squatting we deployed a custom Internet telescope within the Amazon Web Services us-east-1 region. Using this apparatus, we deployed over 3 million servers receiving 1.5 million unique IP addresses (56% of the available pool) over 101 days beginning in March of 2021. We identified 4 classes of cloud services, 7 classes of third-party services, and DNS as sources of exploitable latent configurations. We discovered that exploitable configurations were both common and in many cases extremely dangerous; we received over 5 million cloud messages, many containing sensitive data such as financial transactions, GPS location, and PII. Within the 7 classes of third-party services, we identified dozens of exploitable software systems spanning hundreds of servers (e.g., databases, caches, mobile applications, and web services). Lastly, we identified 5446 exploitable domains spanning 231 eTLDs-including 105 in the top 10,000 and 23 in the top 1000 popular domains. Through tenant disclosures we have identified several root causes, including (a) a lack of organizational controls, (b) poor service hygiene, and (c) failure to follow best practices. We conclude with a discussion of the space of possible mitigations and describe the mitigations to be deployed by Amazon in response to this study.