Following is a short video on how to tie the knot.
The primary application of this knot is in institutional anchors for toprope site management. It is common for institutional anchors to be built with a static rope oriented like a giant v. Each end of the static rope is tied off to an object or to an anchor. It's common for one end to be tied off using a super-eight because it is a quick and easy knot that eliminates the use of a sling or cord.
A secondary application of this knot is in multi-pitch climbing. Occasionally an individual will build a two-piece anchor and use this type of knot to tie into it. But of course, this forces the team to swap leads and fixes a climber at one end of the system. As such, it should be carefully considered before being used in such a setting...
--Jason D. Martin