http://www.uniproducts.com/english/fcs-prod.asp?no=23
Is this what you’re referring to?
If it is, then it looks like it’s somewhat similar to Diamond Braid, although it would be hard to tell without looking at it in person. I imagine it would hunt.
Try taking a few strands of krystal flash, tie it onto the hook, and then spin them tightly together into a rope. You’ll get an interesting two-tone effect when you wind it onto the hook. For example, red krystal flash gets a black and red woven appearance to it when twisted, while still having defined segmentation in the body. Every color of krystal flash has a different companion color that can create some interesting effects.