"bite" => "bight", please.
The knot described is pretty well known, and is called "Highwayman's" or "Draw" Hitch.
It's treacherous nature is less well known, as mosts knots books present it without
precaution. In some ropes and esp. around relatively small diameter objects it's
pretty stable; and if the final tucked bight, which acts as a toggle (and has been
called the "slip-tuck"), is long, there is a good chance that should the knot capsize
--and this is the treacherous aspect--, it will at least lock off and hold the load
(but it will not be then a quick-release so readily, again, depending on materials).
You will not find this in Ashley. Climbers (of any sort) do not use this knot.
As PABpres notes, if you've a long enough rope (or two) to do what you want
with this knot, you can as well skip the knot. Canyoneers have used a knot that
like this one "slips free" of the object; they do this (sometimes) so as to avoid
leaving any anchorage cordage (something climbers don't mind doing)--a soft of
clean canyoneering ethic. But they used a more elaborate structure called the
macrame' knot, which required repeated pulling alternately on each line (and so
wouldn't catastrophically slip free during an accidental single mis-tug during some
descent). But I understand that the knot's not much used any longer; there are
some specifically constructed anchoring devices that do the same thing.
Here are some sites that present the Highwayman's Hitch:
www.layhands.com/Knots/Knots_Hitches.htmwww.primitiveways.com/knots_continued.htmlwww.iland.net/~jbritton/highwaymanshitch.htm Updated Link > www.pssurvival.com/PS/Knots/Knot_Knowledge_Photo_Illustrations_2004.pdf*knudeNoggin*