The clouser minnow is one of the most effective and popular streamers ever made. With any popular fly, there comes variations of it. This variation uses rabbit strips instead of ducktail to tie the fly. Its tied basically the same way, however there are some differences with tying technique since the materials are different.
This fly will move more in the water due to the rabbit strip. While bucktail moves really nicely, it doesn't quite flow as well as rabbit fur.
Being tied hook point up means this fly will be less prone to snags, and can be fished on the bottom more than some other point down type streamers.
Here is a list of materials used on this fly.
Hook: Gamakatsu SS15 size 2
Thread: Danville's 210 flat waxed in white
Weight: Lead dumbell eyes - Medium, yellow painted
Top wing: Rabbit zonker in olive
Bottom wing: Rabbit zonker in white/cream