An ice fishing jig with a signal indicator. Signaling a fish bite is enhanced by submerging a guide within a hole bored in an ice surface. An indicator is disposed at least partially within the passage of the guide. Further, a body is movably attached to the guide to occlude and seal a guide aperture in the lower portion of the guide. The body is movably attached to the second end of the guide to submerge the body under the water. A fish line is attached to the body to move the body relative to the guide upon an amount of movement of the fish line. The movement of the body unseals the guide aperture to allow the water to flow into the guide to raise the indicator causing the indicator to protrude above the first end of the guide.
