This is dad's second favorite streamer fly. The Muddler Minnow unweighted is his favorite. I tie 2 to 3 dozen of these each year for him. This one is also tied on the Daiichi 2370 hook that was designed by Dick Talleur. It is my favorite streamer hook, granted it is not easy to find; but any shop that carries Daiichi hooks can get it for you.
hook: 6X-8X long limerick bend
thread: black 6/0 or 8/0
body: flat medium silver tinsel (preferrably metallic)
rib: fine oval silver (again preferrably metallic)
wing: bottom section yellow bucktail (about a matchstick in size)
mid section red bucktail (about a matchstick in size)
top section yellow bucktail (about 1 1/2 to 2 times the
size of either the bottom or mid section)
Notice that the fly is rather sparse, this is important for it to swim and fish properly and look like a minnow or small fish of some sort in the water.