A fishing line float and spool device is provided having a rounded, buoyant structure, and an arraignment that allows a length of fishing line to be independently supported from the water surface. The device comprises a first and second side having a perimeter flange and an inset channel therebetween for supporting the fishing line about the perimeter of the device. A plurality of notches is disposed through the flanges of each of the float sides. The fishing line attaches around the float and is extended therefrom, whereby the notches allow the line to be tied off such that when the line is struck by a fish the float flips over for notification purposes. The center of the float includes an aperture therethrough for assisting the user when tying off the fishing line, while also providing a support for an external hand crank reel or a lighted pole.