Abstract: A fishing rig is disclosed, comprising a flat circular base member sized to cover a hole formed through an ice layer. A frame member is secured to the base member and a reel having a central spool portion disposed between opposing end points is mounted on the frame member for rotation about a horizontal axis. A signal mechanism is disposed on a pivot rod which is pivotally supported on the frame member at a pivot point. A first end of the rod is provided with a signal and a second end of the rod is provided with weights for biasing the rod to pivot toward a signal position. Hooks are carried on the reel at a plurality of readily displaced positions and a hook engaging pin extends from the rod and is captured within a hook when the rod is pivoted to a second position with the signal member in a lowered state. The fishing rig is made of lightweight rigid material and is sized to be engaged by an operator to play a baited fish.