If Arcane Shift is discarded into the graveyard and then played using Fizz's ability, does Arcane Shift get banished and then recycled from the banished zone by Fizz's effect?

Ruling: Arcane Shift cannot be recycled from the banished zone by Fizz. When Arcane Shift is banished, Fizz loses track of "this spell" and cannot execute the recycle portion of its ability.

Nuances:

• Cards that interact with the banished zone must specifically state they do so; Fizz does not have such text
• Once a card changes zones to banished, effects referring to "this spell" or "this card" lose track of it