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Capt.Gumby said..
Wet the knot as much as possible, gently tap the knot a couple of times on all sides of the knot with a hammer on something smooth like a kitchen chopping board (i'm not kidding!) this will soften it up considerably, use your teeth/nails, repeat as necessary etc and it will eventually come undone.
However, as it is fraying I would replace the line.
Hope that helps.
I'd go with this one wookie , hammers are smooth and won't tear the line any more and neither will the wood board. I normally just pull out the old pliers and crush the knot this way and that, yank at it, crush it a few more times and they come out really quick but I reckon Capt.'s system is a bit safer an prolly just as fast if not faster.