Step 1: Use those scraps
This is such a simple and easy project I'm sure you can finish this in a very short time with very little items. It took me about 25 minuets to make one, and that’s counting the time I wasted on the first one I messed up.
1 Fishing hook
2" scrap piece of Paracord
Few inches of fishing line
Multi-tool (Pliers and knife blade used)
Bic Lighter (to melt the end of cord)
With the many different colors of Paracord you could stock your tackle box with various color lures.