Page 45 - Cliff Jacobson - Outdoor Knots
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Figure 17. Figure Eight Loop
The figure eight loop is a sort of schlocky bowline. It’s easy to make, and it
holds securely, even in slippery, synthetic rope (something that cannot be said of
the bowline). If you need a quick, nonslip loop in the middle of a rope, the figure
eight is much faster to make than a bowline on a bight. It’s also ideal for putting
a loop on hard-to-grasp twine and thread. However, the knot jams under load, so
forget about untying it later. Use the figure eight loop for thin cordage; stick with
the bowline for rope.