noun
squid jig; wooden squid lure
A specialized wooden lure used in squid fishing, often with a weighted body and multiple hooks.
エギを使ってアオリイカを釣る。
I catch bigfin reef squid using a squid jig.
A general term for artificial fishing lures; 餌木 is specifically a wooden squid jig.
Compound of 餌 (e, 'bait') and 木 (ki, 'wood'), referring to the wooden body of the lure. The reading えぎ is a rendaku form.