A fishing lure includes a solid body having a front head portion, a rear tail portion, a top back portion and a bottom belly portion. The fishing lure also includes a cavity recessed within the solid body and having a bottom opening at a location extending between and intermediately of the bottom belly portion and rear tail portion. The fishing lure further includes a magnetic holder disposed in the cavity and assembled relative thereto to provide a channel of diametrically magnetized configuration for receiving and releasably retaining a shank portion of a metal hook coupled at an end to the bottom belly portion and extending within the channel so as to displace a point on an opposite end of the metal hook downwardly and forwardly away from the cavity and thereby in a stinger position relative to the solid body.