Few years back, Frederick sent one out in a swap that's pretty damned fascinating. It was craft fur, pale tan over white, with body braid over the shank and a pair of mylar eyes, coat the whole thing with epoxy.
I had a similar version I made, but way more ghetto. I used some sort of EP Fibers that weren't, pale blue over white. I couldn't work the braid over the body, so I just wrapped it around the shank to the eye, mylar eyes and then covered the whole thing in Hard as Nails. The synthetic fibers seem to take much abuse from toothy fish, whereas buck tail gets shredded pretty quickly.