The Midshipman's Hitch creates an adjustable loop at the end of a rope. It is similar to the Tautline Hitch but one important difference makes it superior and that is
that any load on the rope can be negated with the second wrap. This could prove to be a life saver if one were to use the knot to tie a loop around one's self in a overboard situation where you have grabbed the trailing rope of a sailboat. By removing the strain on the rope you could then complete the knot without needing a lot of strength.