The money you save in floatant will go towards purchasing some 1mm foam. Change colors to suit your needs; this would also work as a Spruce Moth.
hook - Dai Riki 320 #14
thread - MFC 8/0 sand
body - 1mm foam tan
hackle - ginger
wing/head - deer hair
Part 1
mash barb, start thread, wrap to bend
cut a foam strip not quite gap width; taper end
tie in foam (didn't wrap it too tightly - improves adhesion with the wrapped foam body), brush shank with Super Glue and wrap body forward (2 turns at the back give it a bit of reverse taper); tie off/trim
tie in hackle
take a few wraps but leave room at the front; trim hackle on top (don't know where the focus was on that shot; sorry)