Homemade Ice Fishing Stuff is a safe place where the idea is to throw a ton of stuff at the wall and see what sticks. We all can learn from other peoples ideas even the failures. Hockeyguy's idea got me thinking about the different metal peg board stuff on the market besides just a hook. Drilling two holes an inch above each other lets you clip on other pegboard  stuff even a small shelf or multi slotted screwdriver rack and a pliers holder for either the inside or outside of a square plastic bucket.

Not something I made but an idea nonetheless. Got tired of reaching into the minnow bucket to get the net that always falls to the bottom. Drilled a hole and stuck an S hook in there. 

Here are a couple of home-made tipups I bought used 25-30 years ago.  I've actually been getting into ice fishing the past few years and these have worked pretty well for northerns and bass so far.  One is made from wood and the other from a thick piece of plastic.  They both fold up nicely for transport.  Looks like both were made by the same handy individual.

My version of a tip down. Made with 5’ of 1” pvc...two elbows...one T...one 30” piece of lath...plastic ice reel...3” long, 1/4” carriage bolt...1/4” wingnut...one small cup hook squeezed shut for the end guide. Cost me just under ten bucks per unit. I glued up all of the pvc joints except for the upright so it can detach from the base. Not very compact, but works well. Obviously you have to handline the fish.

Polski this is probably the set up you remember. I use this with my dad many years ago. We called it a power line. Copy and paste:

https://www.google.com/search?client=firefox-b-1-d&ei=_0clYN3DJZa3tQbw24zADw&q=powerline+fishing+setup&oq=rubber+band+power+line&gs_lcp=CgZwc3ktYWIQARgAMgcIABBHELADMgcIABBHELADMgcIABBHELADMgcIABBHELADMgcIABBHELADMgcIABBHELADMgcIABBHELADMgcIABBHELADUABYAGCrgAFoAXACeACAAZ8BiAGfAZIBAzAuMZgBAKoBB2d3cy13aXrIAQjAAQE&sclient=psy-ab#kpvalbx=_EkglYJDhOoiqtQbslbXoCg15

Ya   Wskiph we called our fishin poles Mendota rigs used a heavy lead sinker to just balance the cork to be almost under the water. Any lite bites made the cork bearly move....then you would start hand lining em up from deep depths...line would always end up frozen an tangled.  Meal of Perch made it worth it otherwise it was a long day

I used large cork for perch on Lake Geneva and Mendota ..trout on Big Green ..60's and early 70 s

Ya Clueless...they were used for Lakers on Big Green...but if you were a Percher....

Crowbar, wasn’t the big cork for bobbing for lake trout. I remember my dad had some. Probably used on Big Green.

Ya Polski  one application was used at Jones Island on trolley lines...good memory