This a old fly pattern!
It belongs as part of FAOL's "Just Old Flies and stuff"! Along with a the back story on when it was created, and who the orginator was.
And yes it is a beautiful wet fly pattern, as well as a wonderful display of your fly tying talents.
I also found this fly pattern on another site with the body using orange floss instead of red. Dressed by Don Bastian!
http://donbastianwetflies.wordpress.com/?s=telephone+box
~Parnelli