When standing close to a Tackle Receptacle, the players are able to prototype crafting recipes for all Spoon and Spinnerbait Lures and all Floats in the Fishing Filter.
When hammered or burned, the Tackle Receptacle drops everything needed to make a new one, making it technically portable.
Before the March 2022 QoL update, players had to stand next to the Tackle Receptacle every time they had to craft. Also, Adverts had to be inserted into the Tackle Receptacle in order to craft that Advert's recipe.