This is a variation of the Black Gnat pattern described here. There are no great variations, save for the para-loop hackle and using a hackle point in place of the wonderwing - the hackle point is much smaller and easier to tie in than a wonderwing.



As I tied this before playing about with dubbing the thoracic area of the para-loop flies, it's made of tying thread. Dubbing the abdomen very sparsely allows the fluorescent orange floss underbody to peak through, giving an excellent translucent effect. Some more polishing required with the loop gnat before I write it up as a pattern.

A friend of mine, Roy Christie, has been tying reverse parachute flies for a long time with great success (you can view Roy Christies page of patterns on Hans Weillenmans site here. To view all the contributors to Hans' site click here).
I thought I'd have a bash at a reverse para-loop to see how they look and was pleasantly surprised by how it looks.



When compared with the 'normal' tying.



Just as with Roy's reversed parachutes, the last part of the tippet will be well sunk by the reversed eye of the hook.