http://www.bassresource.com/fishing/iaconelli_panic_box.html

That is Ike's box.  I have one of my own...sort of.  Here is the stuff in it:

1:  Finesse worms for shakey jigs

2:  4" U-tail worms for swimming worm jigs

3:  3" grubs and small jigheads

4:  3.5 and 4" spider grubs and nuckleball jigheads

5:  1/4, 5/16, and 3/8oz hair jigs in various colors

6:  4" stick worms

What is in your panic box or what do you reach for when the going gets tough??

I don't really have a panic box per se, but i will go with shakey head, Senko, Mepps in-line or original Rapala when the going gets really tough.

#5 shad rap

5" senko (green pumpkin or watermelon red)

7" Power Bait worm

zoom finesse worm on spot remover

soon to be added to the panic box are the new Power Bait shakey worms

I don't actually have a panic box but in years past, my desperation move was go to a rapala CD-7 silver & black or a little trick worm on a spinning rod, in one of the clearish colors.  

This past year, it's been more of a bow my chest up response....   saying screw it and pulling out the swimbait or the lunkerlure buzzbait.  I figure since I don't have a check riding on it anymore, why not throw something I enjoy using.  The buzzbait paid off in a bunch of freak ways, the swimbait less often but it sure was sweet to break a bad day with a big fish.  

Probably not the response you were looking for but sometimes the best answer to panic is to "take 5" and have a cold beer.  A bad day is as often mental as it is physical.  

beetle spin or a jig with a white grub "who says" a 5 inch bass isnt a bass anyway???

4 rainbow trout Lunker City Fin-S Fish

4 alewife Lunker City Fin-S Fish

Royal Coachman wet fly, tied with 6lb fluorocarbon 18 behind a silver original floating 4 Rapala (removing the back hook of the Rapala), and replacing the center hook of Rapala with a larger size red treble hook.

The following used only in tough times as I have a limited supply left:

3 purple Bobby Garland Hard Times Grub (no longer made)

3 pumpkinseed Bobby Garland Hard Times Grub (no longer made)

3 green Bobby Garland Hard Times Grub (no longer made).

        (all used on a 1/8 Spider Slider head jig)

3/8 ounce and 1/2 ounce Reef Runner Cicadas in gold w/chartreuse foil.

Flechero, I like your style.

If I fished tournaments, I'd probably have to get one together. It makes some sense.

I do have a few go-to baits, but no formal organization of tough times gear.

Go-to baits:

#1 t-rigged tube with the weight inside.

#2 4" Senko

#3 Power worm on a jighead.

#4 my "secret" weapon, a bunny strip fly on a dropshot rig. ( if you tell anybody about this, I'll have to kill ya )

Cheers,

GK

i dont have a box specifically but i do make sure i have a few things that i consider panic lures.

4" senkos

grubs on a jighead

small willowleaf spinnerbaits

basically if they wont eat a senko or a grub im in trouble.  

I don't have an actual box, but I make sure I have these lures at all times, no matter the conditions:

Mepps Fury #3 or 4 Red, Rebel Crawdad matt firetiger, Trick worm style Yellow/Black Fleck & White/Black Fleck 7 inch floating worm(don't remember the manufacturer, but I bought about 15 bags of this 'spongy' bait before they went out of business), Matt Chartreuse Bagley Fat Cat 0-2 foot diver and 0-5 foot diver, Johnson Spoon Nickle Finish no trailer, Sluggo Assortment of sizes and colors, Rapala Countdown in a basslike photo finish that they discontinued a few years ago - I have 3 left.