For the first time I got to start fishing to Mr Pinchy, and about the 3rd hour I got him!.  Was fishing with 342Base skill when I started +25skill pole +100fishing lure for 467 total.  I figured I could level my fishing while I had a long-shot chance of catching him, and was at 351base skill by the time I caught him.

1st wish - Magical Crawdad!

2 Notes - this is during 2.4 patch, and I did not see a "would you like to equip" option, I simply caught him and he went into my bag, so no more worries as to accidentally re-fishing and failing to pick him up.

2nd Note - Mr Pinchy now says "1 charge," which is strange because I thought I get 3 charges, and yet I only used one...