Page 74 - Gibson W.B. "The complete guide to knots"

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Single Chain Twist

Commonly known as a "Monkey
Chain," this is a quick, easy and
effective way of shortening rope. First
you tie a Slip Knot around the end
("A"), allowing the end as much
length as desired (fig. 1).
Then take a bight below the knot
and push it down through the bight
already formed there (fig. 2). That is,
you put the bight through the bight,
making them about equal size.
Continue thus, bight after bight,
each through the one above until you
have all the "links" that you require.
Then push end "A" down through
the final bight (fig. 3), That equalizes
ends "A" and "B" — each going
through a loop — and pulling the
ends tightens the chain.
fig-

fig. 2 fig. 3