Abstract: A protective covering for a fishing reel and attached rod segment which consists of a cylindrical sleeve made of single-layer waterproof fabric to which drawstrings, provided with a spring-actuated locking devices, are attached on both ends. The device is slid up over the base of the rod, up over the reel, at which point the drawstrings are pulled tight to completed enclose the reel. The cover can also be used in pouch form to protect various and sundry items by pulling both drawstrings tightly closed with such drawstrings being used as handles.