Abstract: A fishing tool equipped with a number of useful features including a fish hook sneller. The tool comprises a support body with a hook holding mechanism provided at one end of this body adapted to engage a section of a hook. A line holder has first and second spaced apart arms with the first arm being longer than the second and generally parallel thereto. These arms are connected together and slidable in the support body between an outer position in which both arms project from the side of the support body and an inner position wherein the second arm does not project at all or substantially from the side of the support body and the first arm is flush or slightly protruding. The first arm is provided with a line catching member at one end thereof so that a line looped around this arm will not slip off when the arms are slid to the inner position. In a preferred embodiment, the line holder is generally U-shaped with a connecting section extending between ends of the two arms.