Here is how I do a yarnie that leaves the egg loop available for bait (eggs,shrimp, ez eggs).
These are a little more work than some, but they do look and fish nice.
Start by tying an egg loop with the tag end that would normally hang down the shank of the hook, looped back through the eye of the hook.
Next tie your egg loop just like you normally would on top of the "loop"
Now finish your egg loop but do not pull the "tag loop" tight.
Next cut 5-7 pieces of Mcfly Foam in 1" strips.
Center the yarn strands in the tag loop
Pull the tag loop as tight as you can to secure the yarn
Now push the yarn to the top of the hook shank and grasp between your thumb and middle finger
Next use your thumbnail as a template and cut the yarn. The key is to use a really sharp scissors and try to make the cut in one snip.
You should be holding a little bit of yarn that looks like this
Now roll the yarn between your fingers to fluff and round it.
The last step is to trim any loose threads or any bits that are out of round and now your done.
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