I just found a product that really makes sense. I've found that the big problem with butterfly jigs is the way they dangle all over the place. I'm talking about when you run from one location to another with the assist hook attached to the reel or ring hook. Those things can really mess up rods and reels bouncing all over the place. I've been lowering them to the deck and pushing them under gunnel while running between stops. I really don't like hooks on the deck but if your just running for a short time it works for me. The cocoon wrap below should solve the problem. I just ordered a bunch.
http://www.meltontackle.com/shopping/product.asp?product_id=13677
http://www.meltontackle.com/shopping/product.asp?product_id=13677