The minimalist wading jacket from Patagonia is in my opinion the best fishing jacket for the money, and they are on sale now. If it's raining really hard, I just put on a rubber jacket over the wading jacket even thought the wading jacket keeps me dry, I just like the extra protection and warmth. I just ordered another one as a backup since they are on sale and I don't like their latest two color version. They are pretty light weight but durable and pack well. I really like the felt lined hand warming pockets and the chest pockets are pretty substantial.
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As in I wish I was outside fishing right now........