I'm amazed so many put so much into burning some mono eyes. I just take some cheap 50lb mono (like you can get from wal-mart) and cut some 1" strips. I really don't care if it catches on fire, I just blow it out. Sometimes I let it burn until it's almost the right length and blow it out. Sometimes you'll get some uneven eyes, but the fish don't seem to care.

I don't know about the glo-bug yarn, sorry.