Abstract: A fisherman's leader and/or line dispenser and decoiler including an enclosed container and spool of fisherman's leader/line mounted within the container. A pair of first and second resilient pads are mounted within the container in a posture of opposing engagement and the resilient character of the pad material provides mutual self-biasing of the pads together. An aperture is provided through a portion of the container whereby a fisherman's leader/line may be threaded from the spool through the opposed resilient pads and out of the container so that a fisherman in withdrawing a length of leader/line will pull the leader/line through the resilient pads to erase coil memory during the dispensing operation.