I'm guessing this probably wouldn't work with a long, thin throw line. I wonder if you can scale this up and use it with ropes. Anyways, just a simple but interesting video...
Now that I think about it, and since you have inspired me to think harder, it would probably work better than with micro thin cordage because it is less resistance to loosing shape and structure, and less likely to tangle.It seems to scale up to the method of coiling over hand and elbow, but in a figure 8. If you could figure 8 large enough, it would probably work on big ropes.