Though the burbot lake fish is not the prettiest in the Minnesota waters, the eelpout taste is significantly good and buttery, especially a fry or a baby ice eelpout. Earning itself the nickname, 'poor man's lobster,' the eelpout contains a distinctive style and denser meat than typical fish. Instead of flaky fillets, eelpout meat is commonly cubed and said to be very similar to lobster and is very good to eat.