First, tie a short elk-body hair tail.
Use 6 peacock herl strands to shape the back section of the body, as if it were a Royal Wulff.
Shape another third part of the body with ice dubbing.
Tie the elk wing without covering the tail.
Tie the EP-fibers pole.
Tie the grizzly feather pointing upwards and some more peacock herl.
Tie the rubber legs in an X-shape, before and past the pole, where we will then wrap the grizzly feather.
Take the peacock to the front of the fly, tying it at the head.
To finish the fly, wrap the hackle making the parachute with 4 upward turns, then 4 downward turns and tie the remnant without pressing the head fibers. Cement the knot with an adhesive of your choice.
View from below.