A fishing lure has a buoyant body with a weight connected with the bottom thereof to properly orient the lure in an upright position when it is cast into a body of water. The lure is characterized by a rigid, bendable support arm. One end of the arm extends upwardly and rearwardly of the lure to suspend a baited hook or fly above the water surface. The other end of the arm is reversely folded below the body to define a loop with which a lower hook can be connected. Thus the lure is capable of catching fish which feed under water and fish that jump for food.