The Palomar Knot is both quick an easy to tie. It is also very strong and therefor a very popular fishing knot. The only downside is that the palomar knot uses a little more line than other similar fishing knots. So if used in a tapered leader it will shorten the line more quickly. But when the palomar knot is used with small lures, hooks and swivels it is superior to many other fishing knots for being quick, easy and very strong. Also the palomar is so simple that it can be tied in the dark.