A fishing hook and lure protector includes a hollow body that defines an enclosure. The body has a resilient sidewall with a first circumferential peripheral edge, a second circumferential peripheral edge and a slit that extends for the height of the resilient sidewall from the first circumferential peripheral edge to the second circumferential peripheral edge and defines a first engagement edge and a second engagement edge. A first engagement profile is positioned along the first engagement edge. A second engagement profile is positioned along the second engagement edge. The first engagement profile and the second engagement profile cooperate to attached the body to one of the line guides of the fishing rod.