Fish It has finally added another item that will boost your stats apart from just Potions, and that is Totems. Currently, there is only one Totem in the game, so we will let you know how to get it, how it works, and if it's even worth purchasing.
How to Get the Luck Totem in Fish It

You can purchase the Luck Totem from the Traveling Merchant in Fish It. You can locate the Alien Merchant's boat on the beach of Fisherman Island, right next to the Wheel. The Fish It Traveling Merchant doesn't actually travel anywhere else, so you can find him at all times at the main island.
The Merchant Shop doesn't have all items all the time, so you'll either have to wait for it to refresh on its own, or refresh it for the entire server for 49 Robux. You can also server hop until you find the Luck Totem in Shop. It costs 2M coin, so be prepared to cash out if you're looking for some extra luck.
What Is the Luck Totem?
The Luck Totem is an item in Fish It which boosts the luck of everyone in its radius by 100% for 30min. It can be placed on boats, but if you are unlucky, it will fall off. The safer bet is to skip ocean fishing with it, and rather go on solid ground to one of the islands instead.
Fish It Totem FAQ
Luck Totems can stack it's duration, but not the amount of luck.
No, Luck Totems aren't permanent. They only last for half an hour at a time, which is a little surprising considering the price of it (2M). If you're high level and have the best equipment, then you can purchase it and it won't be a waste of money.
At the moment, I would say they aren't, especially if you don't have the best rods yet. Some rods like Astral got nerfed, so it's better to save up and invest in the Ares Rod instead. Luck Totems are for endgame Fish It players that are looking to uncover all Secrets, rather than for those still progressing and grinding.
If you want to know which enchants are the best for your Rods, make sure to check out our Enchants tier list for Fish It.