Foam in fuel tank?

So i just picked up a RN that used to be race ski. I was pulling the tank out today, took a look inside and it has a bunch of foam stuffed in it. Can anyone tell me what the purpose of this is? Does it keep it from splashing around?
 
so if the fuel sloshes around and foams then it won't slosh around?
right?right?
or is it the fuel stops the sloshing?
i'm confused.
 

#ZERO

Beach Bum
Location
Florida - U.S.A.
In the tank around the pick-up tube.

The fuel tank foam keeps fuel from sloshing around near the pick-up tube.
 
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