Can anyone ID this funky white stuff?

I would take the rocks out and boil them really good then put them back in the tank. Of course I would be afraid of what the stuff is and if it will reak havoc on your tank later on.
 
I was at my LFS today and I asked the guy about the "fungus" and he said I should take the rocks out and soak them in bleach. Can I do that and then put them back in the tank (after thoroughly rinsing them in some fresh water obviously)?
 
Yeah. Rinse them a bunch of times in water and dechlor.
 
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