Enaka reports that if a level 18 blows up the pool themselves, anyone can loot the objects. If a higher-level throws the dynamite, looting is only possible by others between (about) level 13 and 19. Loot is reported to be similar to the Outland Daily quest‘s Bag of Fishing Treasures, but there are also other items, including drinks and raw fish. The method seems to work with all pools. Only Ez-Thro Dynamites have been confirmed to work. The Goblin Fishing Pole does not work. Fishing skill is not required. Thanks to schmeg and mikaial20 for letting us know.

The looting process is a bug, but I’m told exploding pools were intended. Such a Goblin approach to fishing might hint at the Cataclysm. Time will tell! Further discussion.

1. Use Ez-Thro Dynamite over a pool

2. Pool explodes and new objects appear in the water

3. Objects may be opened, depending on your level

• [Fixed] Weather-Beaten Fishing Hat‘s lure can only be used on WotLK fishing poles (Kalu’ak, Jeweled, Bone).
• High Test Eternium Fishing Line +5 enchant displays as +2 on poles [to be fixed in an "upcoming patch"].

Further discussion.

Arcane Tarot (2 Royal Ink)
Book of Clever Tricks (6 Darkflame Ink, 3 Ethereal Ink)
Book of Stars (2 Celestial Ink, 5 Fiery Ink)
Book of Survival (5 Dawnstar Ink, 2 Lion’s Ink)
Certificate of Ownership (2 Celestial Ink)
Darkmoon Card (5 Ink of the Sky, 2 Shimmering Ink)
Darkmoon Card of the North (3 Ink of the Sea, 6 Snowfall Ink)
Faces of Doom (2 Ink of the Sea, 5 Snowfall Ink)
Fire Eater’s Guide (2 Celestial Ink, 5 Fiery Ink)
Greater Darkmoon Card (3 Darkflame Ink)
Hellfire Tome (6 Darkflame Ink, 3 Ethereal Ink)
Iron-bound Tome (2 Ink of the Sea, 5 Snowfall Ink)
Manual of Clouds (8 Ink of the Sky, 4 Shimmering Ink)
Mystic Tome (5 Hunter’s Ink, 2 Midnight Ink)
Northrend Inscription Research (3 Ink of the Sea)
Rituals of the New Moon (5 Ink of the Sea)
Royal Guide of Escape Routes (2 Jadefire Ink, 5 Royal Ink)
Scroll of Agility (2 Ivory Ink)
Scroll of Strength (2 Ivory Ink)
Shadowy Tarot (2 Fiery Ink)
Stormbound Tome (8 Ink of the Sky, 4 Shimmering Ink)
Strange Tarot (2 Dawnstar Ink)
Tome of Kings (2 Jadefire Ink, 5 Royal Ink)
Tome of the Dawn (5 Dawnstar Ink, 2 Lion’s Ink)
Twilight Tome (5 Ink of the Sea)
Weapon Vellum (3 Midnight Ink)
Weapon Vellum III (3 Ink of the Sea)

“The ‘Monsterbelly Appetite’ daily fishing quest has changed so it now takes place outside the Violet Hold in Dalaran. The quest still requires a Severed Arm [catch a Bloated Slippery Eel] and has been renamed to ‘Disarmed!’”

Also:

• Using a lure now automatically lures your equipped fishing pole (you no longer apply the lure directly to your pole).
• Sea Turtle jump sound – video (thanks Durth).
• New junk items from the Northrend daily Bag of Fishing Treasures – A Fantasy Portrait (pictured below) and Blank Slate (thanks Huenninjarin).
• Level 70 requirement on fishing gear from that bag (Weather-Beaten Fishing Hat and poles), to stop “twinks” using them.

• Never catch junk from pools. Fish any pool successfully with skill 1.
• Kalu’ak Fishing Derby, Saturdays 14:00. Read strategies (or contribute).
• Enchant Gloves – Angler, +5 skill. Enchanters’ formula from Indu’le Fishermen, Mystics or Warriors at Lake Indu’le.
• Cooking slightly easier to level near 450 skill.

El’s Anglin’ has been updated. A few other minor changes have been reported (thanks).

“Because of the increased concentration of fish [Pygmy Suckerfish], you have an increased chance to catch a shark from fishing pools.”

This pool skill change is more interesting:

“Don’t forget, in patch 3.3.0 you never catch trash from fishing pools, regardless of skill.”

Never catch junk from a pool, even at skill 1. Kalu’ak Fishing Derby rewards below.

Dread Pirate Ring
Binds on Account
Unique-Equipped
Finger
+34 Stamina
Requires level 1 to 80 (80)
Equip: Improves critical strike rating by 53.
Equip: Improves hit rating by 29.
Equip: Experience gained from killing monsters and completing quests increased by 5%.

Boots of the Bay
Binds When Picked Up
Feet
Requires Fishing (200)
Equip: Increased Fishing +15.
Use: Whisks you away to the finest drinking establishment in Booty Bay. (1 Day Cooldown)

For more information, read the Kalu’ak Fishing Derby page, or discuss on the forums.

“The all-new Kalu’ak Fishing Derby, a test of fishing skill with a healthy dash of luck, has come to Northrend! Every Wednesday beginning at 8 PM players can try to catch the elusive Blacktip Shark. Elder Clearwater sits in Dalaran for one hour awaiting the return of the quickest, most experienced fisher to bring him this shark. This champion fisher will be rewarded in-kind for returning with the first catch. Those who aren’t able to return with the first catch will still receive just reward for getting the Blacktip Shark to Elder Clearwater before he takes his leave. It is said that these sharks’ favorite meal are the bite-sized Pygmy Suckerfish. Perhaps a hook in their waters will do the trick.”

Via Twitter (thanks DarkMime64):

“Up for grabs – a new heirloom ring!”

Read on for further quest information.

Based on the MMO-Champion database (which is based on raw, often incomplete data): The Blacktip Shark (Binds when picked up, unique, 1 hour duration) is an objective of 2 quests:

• Soul of the Kalu’ak – Rewards either a finger or a cloth foot item. Plus 175 Kalu’ak reputation. Both items are new and unknown. Speculation that the finger item is the heirloom ring.
• Better Luck Next Time – Rewards a normal Bag of Fishing Treasures and 125 Kalu’ak reputation.

Both quests are flagged “daily”, although that may simply be a method of limiting repeat attempts to win. Speculation is that the first quest is for the winner, and the second quest if for everyone else that turns in the fish during the Derby. Please keep discussing it on the forums.

• Technique: Glyph of Eternal Water – Inscription 250, for level 50 Mage – Your Summon Water Elemental now lasts indefinitely, but your Water Elemental can no longer cast Freeze.
• Technique: Glyph of Rapid Rejuvenation – Inscription 375, for level 15 Druid – Your haste now reduces the time between the periodic healing ticks of your Rejuvenation spell.
• Technique: Glyph of Quick Decay – Inscription 375, for level 15 Warlock – Your haste now reduces the time between periodic damage ticks of your Corruption spell.

All 3 should require Snowfall Ink and Resilient Parchment to make. Update: The recipes can now be learnt.