The Spider Hitch is only second to the Bimini Twist but is faster and easier to tie.  The drawback is that it needs to be perfectly tightened or it will cut itself.  When pulling the knot closed, both loops need to be the same size.  I f they are not you can adjust the loop by either pulling the tag or standing line until they are both the same size and then you can close the knot.  Keeping the knot wet is a must.

I use both knots, depending on how much time I have and how many rigs I need to tie.  If  I am looking at a possibly long hard fight, then I want the best possible knot.