Abstract: The present invention relates to a combination fishing apparatus and toy vessel for controllably towing a section of fishing line intermediate a baited end and the angler. The apparatus includes a floating body and a receiver having an antenna coupled thereto. The receiver is adapted for receiving radio control signals from a distant command transmitter. The radio receiver includes a first demodulator for reconstructing a first signal from the radio control signals. A propulsion system is operably coupled to the radio receiver for propelling the floating body either in the forward or reverse direction over the surface of the body of water responsive to the first signal. A line release device is coupled to the antenna adjacent a distended end thereof for receiving therethrough and controllably releasing an intermediate section of the fishing line responsive to the tension on the fishing line exceeding a predetermined limit.