A fishing pole and line assembly for underwater use includes a linear, tubular fishing rod member having first and second open ends. A linear, tubular handle member has an open first end and a closed second end and is axially aligned with the rod member. The handle member's open first end slidably fits over the second end of the fishing rod member. The handle member includes a one-way valve member adapted for passing fluid only into the tubular handle member. A fishing line is secured at a first end interior the tubular handle member, with the fishing line passing interior both the handle member, the fishing rod member and extending through the rod member's open first end. The fishing line has a second end adapted for attachment to a fishing bait.