This vid shows an example around 7 minutes in. Some guys use the flame to get rid of bubbles some do not. pay heed to the warning ab out this if you do. Another thing to keep in mind is color preserver. If you did not use NCP thread (NCP = No Color Preserver & does not need it) the thread will become translucent and darker colors can bleed through. Some times I do this by design but if you are not aware of this you can waste a nice wrap by having the colors bleed through. Nothing wrong with making a quick test wrap on a dowel and applying some fishing to it to see how it looks and get a little practice.
Searching and viewing more youtube vids is also a great way to see how things are done as we all tend to do things a little differently. +++++++++++++++++++++++++++++++++++++++++++++++++++++ I use a similar method when mixing as well and spreading on the foil definitely extends the pot life.
I'd apply the finish even on the exposed area of the blank as well. The finish might not be very level with the open wrap, unless you apply more layers of finish. But I wouldn't go too crazy on trying to make the finish level.
Wow, hadn't seen Kevin's shop before. Cool. I did abalone recently with heat gun method. The result wasn't great.
Thanks Guyton and Tomo for the tips - i really found those videos helpful - especially the one where he uses the torch to get rid of the bubbles. I tried this tonight and made two mistakes - first - I managed to displace a thread from the wrap while I was applying the finish. Second - a puff of smoke will stick to the finish. I didnt burn the finish, but I made the mistake of igniting the lighter to light the flame too close to the rod - the little puff of smoke from the lighter stuck right in the finish. Lesson learned...