Once again: Fantastic!
I've gotta say, this particular installment really pulled through! It was fun, quirky, and very entertaining to watch! Though systematic in that the pencil always provided the fisherman's catch, the variety of what he caught and the way he reacted kept things to the level of spontenaity that make this series so much fun to watch! Spectacular installment, this one.
As for the whole hand thing which seems to be such an issue...I'm sure you've gotten the suggestion before, but I'm just putting it out there. Maybe rather than having a hand right there on the screen, and rather than having the pencil floating in midair, perhaps you should do something where the pencil is hanging somewhat off-screen implying that something is holding it but without showing the oddly off-putting sight of actual human flesh? Just an idea...
Anyway, again, wonderful animation, really looking forward to the next!