>>1457873if that's not a mood i dont know what is
>>1457851accurate
>>1457844i've heard tales of old-timers cutting holes in the ice with an axe and using their normal rods, so if you don't already own an axe, you can probably find something at home depot for not a lot. legality may be dubious if your area has "maximum hole size" laws. though if you don't own an axe you can just go buy a used auger for something like $40 and get a better tool for the job for not much more. all you really need to carry everything is a few plano boxes and a 5 gallon bucket. home depot sells them for $3.25. some small hooks (really small, i'd probably grab some #10 aberdeen hooks and some #14 fly hooks for bait) and a cheap assortment of panfish jig thingies, they're usually cheap hooks with a small, painted lead body, often tipped with wax worms, meal worms, earthworms, maggots, minnows, mousies, or just about anything else that a fish might eat)
some tiny jigs, some just jig heads, and a few marabou jigs, or something of the sort.
there's also the jigging rap, that has a nice action and is a staple in an ice box (i've even used them to jig bridge pilings in the summer and gotten fish, they're worth having around)
now, take your gear, throw it in the bucket, walk out to a likely spot, drill a hole, flip the bucket upside down to sit on, and start jiggling it. jig it any way you can think of for 15 minutes or so, then go drill another hole, and repeat. a lot of people drill a line of holes before they even start fishing, and then just move down the line. so now that i've thouroughly danced around the question, you'll probably have to spend about $100 on gear. you and a friend could pool money, however, and get in comfortably for $75 each. then you both go fishing, if one of them doesn't like it perhapse the other could buy out their half of the gear like "hey, i'll use it, and you won't be out anything but an afternoon or two"