I have had this happen to me in clear water a few times. With a chatterbait and steady retrieve that I used a lot last year, I saw a large bass approach, I saw the fish swallow my lure and watched my line jump to the side. I almost instantly set the hook only to have my lure come flying at me.

This occured in no more than 1-1.5 seconds, and not once did I feel a tap on my line. The fish swam back down as fast as it approached. The setup was a MH rod, 30lb braid and 20 lb flouro leader. Sensitivity isnt an issue with that setup and I have had this happen several times. The one caveat however is that the fish have always surged from behind the lure and attacked the lure while coming directly towards me. I am assuming that this is why i never felt the TAP, mainly because there was no tap to be felt since the fish over powered the lure in the direction that the lure was already traveling.

Who knows, great video though!