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The age old ice fishing question. Mono,fluoro and braid/fused line really don't absorb much by way of water so are, IMO, kinda "waterproof". The problem is really the water that adheres to the surface of the line that ices guides. I've used silicone fly line dressing with some success. It has some smell but really hasn't seemed to be a detriment but I have not used it extensively. It also requires frequent re-application to be effective.A couple years age Rustoleum came out with a product called NeverWet. Pretty remarkable stuff, see some of the here: http://www.neverwet.com/. It's almost unreal. I have not tried this but my questions would be:1. Does it stink and will it/can it go away? It does have processed petroleum products and mineral spirits so must have some kind of smell, at least when applied. The MSDS is available on the website.2. Can the solvents in the carrier for application damage my line? Polyethylene (any braid/fused superline) is pretty tough stuff so I'm fairly sure no on that. But what about other line plastics, mono or fluoro?3. How durable is it? Would it last an entire season of at least moderate use? Or is frequent reapplication necessary?Price wise it's pretty reasonable, about $15 for an 11 oz. spray bottle. Easy to buy too, Grainger, Home Depot and Amazon all stock it. I haven't thought about this for a while so I'll likely wind up with a bottle to try on stuff this year. What about other applications? Ice shacks benefit both outside and inside. Might be the poormans answer to condensation accumulation. Cloth tipup flags would never freeze down. Boots and outerwear would never get soaked. Yep, I gotta get some now... Probably try it on all kinds of lines too just because I'm curious.Or maybe one of you has already gone there.