I read a TON of reviews from people on here before buying this box, and thought...... for as cheap as it is, I will give it a shot. I carry a backpack will fishing, I keep mainly, ponchos, camping/survival gear, food/drinks, personal protection... etc.... in it and usually carry a tackle bag with me. I thought this year, why not try to get something small enough, yet large enough to carry crank baits, and slide it in my backpack, so I reduce my load to one bag. This box will work perfect for that, yet it does not have a lot of room in it. I fish mainly live bait anyways, but do have some bass, and crappie baits in there. You can fit 2-3 small/medium size crank baits into the longer slots, if you stack them correctly. As far as keeping hooks and small sinkers in there, I would recommend keeping them in there bags. The top fits so loose, I can promise they will slide out and end up in different spots. As far as the latches go..... VERY poor design. I am going to hope and pray this bad boy doesn't come open in my bag. The latches are just a small piece of plastic that fits over a small lip, there is no actual latch, or snap. I may buy some long Velcro and wrap it around the box, or glue it to where I know the tops don't accidently pop open. All in all, if your looking for something small to keep or your boat or put in your bag like a plan on doing..... You may want to try the plano watertight boxes. I was going to go that route, but thought I would give this little box a try. I cant fully review it, because I just received it, but first impression..... not built to last, and they could have easily earned another star... maybe two, simply by placing an actual latch on the box, and making sure lid seals tight. Hope this help.