We investigate a vacuum decay around an over-spinning naked singularity by using the Israel junction condition. We found that if the Higgs field develops the second minimum at higher energy scale, a spinning small-mass naked singularity could cause the vacuum decay around it within the cosmic age. An event horizon may form around the singularity due to the angular momentum transport from the singularity to a vacuum bubble wall. The newly formed event horizon leads to the increase of Bekenstein-Hawking entropy, which contributes to the enhancement of the vacuum decay rate. We conclude that small-mass naked singularities may be hidden by the event horizon within the cosmological time.