Just cut it off at the first knuckle
Bah. Little bit of Lidocaine, one of those small tools they sell for burning braided line, and some Iodine, gauze, and gorilla tape. <10min fix.
What is the little tool for burning braided line for? Cautery?
By the look of it the point's nearly through. All you have to do is push it on through, until the point is out past the barb, and then nip the point off behind the barb with the cutters on a pair of fishing pliers or side cutters. Once the point is cut off behind the barb the hook can be backed out. You give the hole it a bit of a rinse with saline or clean water and dress it, and job done. If you do it straight away when the hook goes in the adrenaline takes the edge off the pain. I've done it myself.