Check out this YouTube video uploaded by Daniel Boche on 16 February 2011 with the following caption:
Cabilao is a small island on the west side of Bohol, facing Cebu Island. Its about 3800 friendly inhabitants survive on fishing and some agriculture. It is a government protected area with 8 square kilometers and suitable for people who like it away from mass tourism and commercialization. Among divers the island is famous for the very rich underwater life.
This video is 7:22 long but it's worth the watch. Find out why Cabilao island is one of Bohol's best dive spots.