Extraordinary light rays propagating inside a hyperbolic metamaterial look similar to particle world lines in a 2 + 1 dimensional Minkowski spacetime. Magnetic nanoparticles in a ferrofluid are known to form nanocolumns aligned along the magnetic field, so that a hyperbolic metamaterial may be formed at large enough nanoparticle concentration nH. Here we investigate optical properties of such a metamaterial just below nH. While on average such a metamaterial is elliptical, thermal fluctuations of nanoparticle concentration lead to transient formation of hyperbolic regions (3D Minkowski spacetimes) inside this metamaterial. Thus, thermal fluctuations in a ferrofluid look similar to creation and disappearance of individual Minkowski spacetimes (universes) in the cosmological multiverse. This theoretical picture is supported by experimental measurements of polarization-dependent optical transmission of a cobalt based ferrofluid at 1500 nm.