A mooring device includes a canister, a spool having two side walls with teeth around their perimeters, a mooring cable wrapped around the spool, a lid having a first piece and a second piece, and two pairs of stops extending from the bottom surface of the lid. The two pairs of stops engage the notches of the two side walls of the spool when the first piece of the lid rests in the closed position. The stops disengage from the notches when the first piece of the lid is open. A thumbpad allows a user to move the stops from a lock position to an unlocked position without opening the lid. The device extends and retracts the cable to accommodate tidal and other water action.