Spammed my fishing rod and the health bar went negative (red) and I now cannot eat steak that was in my inventory.
Here are the screenshots of @CP3fan1's rod. He is able to eat now and I was able to repair the rod. From talking to him this seems to have occurred due to spamming right-click on the rod while fishing.
If you can find a way to reproduce this please let me know. This would assist us in finding a fix for the problem.