I hold my slack in a figure 8. Always have, even for showmanship. I understand that the large loop might by more in style these days and look better to some though. I saw a woman break all 4 fingers in her hand that way though. She was fixing the slack in her lunge line (horse was standing, she hadn't started lunging yet) and he spooked and took off. Now, with as much rope as she had, she SHOULD'VE been able to drop her loop (or loops I should say,) but she didn't and ended up hauling her horse with her to the ER that day. Off topic, but I also know a girl who left her lunge line slack on the ground while lunging. The slack got wrapped around her leg a few times, horse took off and drug her through the pasture and through a barbed wire fence. That was ugly!