Here's something fun to do in Fairbanks:
Drill a hole on the Chena River, get down and look for fish. The depth should be about 4'. Drill holes until you see fish. You should see lots of whitefish, grayling, suckers, a few pike and maybe a burbot.
Best places to look are between the mouth and the dam, I like the stretch on Ft Wainwright. Try to find a place out of the fast current. Near beaver food piles can be good. Eddys are best. Just keep drilling and looking. It won't take long. The water is crystal clear. Let your eyes adjust a while. Use your hands to block the light.
When you find a good spot, shovel it clear. Drill 4 holes in a rectangle. Connect the holes with an ice saw. Finished hole should be about 24"X12". Push the block down and out of the way.
Pull a portable ice shack over the hole you just made. Shovel snow around the bottom. Fire up heater and sit on a lawn chair in the shack and spear away. If there are lots of pike, try using a pike decoy. I usually have best luck finding whitefish. They stay in little groups of 3-4 and move around quite a bit. Make sure to tie your spear off so you don't lose it.
You can get spears, ice saws, etc.. at Sportsman's or Sentry.
Let us know if you try and have any luck.
Here's what the regs say:
Suckers and burbot may be taken with spear or bow and arrow the entire year.
Northern pike may be taken by spear or bow and arrow during any open season for northern pike that occurs between September 1–April 30, or may be speared by persons completely submerged during any open season for northern pike, excluding Harding Lake, which is closed to pike fishing.
Whitefish (excluding sheefish) may be taken by spear or bow and arrow September 1–April 30 and may be speared the entire year only by persons completely submerged, excluding the Chatanika River drainage.