The Caterpillar, by Dan Baker, is a butterfly variation.
Its tricky to explain so bear with me.
- Similar start to my unwrap and re-capture except grab four chips in the thumb flip position.
- Separate out one chip from the middle if you right handed this should be the 3rd chip from the left grab the chip between your ring and middle finger.
- Move the chip around so its so it parallel with the other three chips and trap it between your index and middle finger and lose the grip your ring finger.
- You should be in a position where you have three chips between your thumb and index fingers (two together a gap where the separated chip was and a then the other chip) and another one directly behind them between your index and middle finger.
- OK things get tricky here trap the two chips between your index and ring finger and keep hold of the other chip between your thumb and index not forgetting to still grip the separated chip between your middle and index finger. So all being well you should have one chip between your middle and index fingers, one chip between your thumb and index fingers and two chips between index and ring fingers.
- Roll the two chips back so they are now trapped between your pinky and ring fingers. A good secure grip in the position is very important.
- Almost there now! But sadly the hardest part reach back with the back of your ring finger pick out one of the two chips and roll it forward.
- If you got all that right you should now be in the final butterfly position with one chip between all of you fingers.
The video can be found with all of the submitted poker chip trick videos.