This word is acceptable for play in the US & UK dictionaries that are being used in the following games:

• Lexulous
• Wordscraper
• Wordosaur

n. The act, art, or practice of fishing with a squid.

"We were squidding that day, out on the reef - you know how, undoubtedly, diving down the face of the wall of the reef, five fathoms, ten fathoms, any depth within reason, and shoving our squid-sticks into the likely holes and crannies of the coral where squid might be lairing."