Abstract: A storage device, preferably one sufficiently buoyant to float on water, comprises a hollow multiple compartment housing including a first compartment for storing emergency supplies or tackle, a second compartment for storing a spool containing a stored portion of a fishing line wound around said spool, an access opening to extend and wind an exterior portion of the line around a recessed wall portion of the housing that surrounds the second compartment without disturbing the portion of the line stored on the spool and a hollow third compartment having a light reflecting portion at its forward axial end. A handle for the multiple compartment housing comprises thin connecting means extending radially outwards from the multiple compartment housing to connect the latter with a hollow storage chamber that is located radially outward and axially rearward of the second compartment. The radially outward position of the handle provides a mechanical advantage to hold the device when a fish bites.