(see a great video here: http://www.youtube.com/watch?v=76AlaqmEXRE)
Wow! I love the way Abby flicks the spindle between her hands to start the spin; gotta try that!
The wind-up onto her fingers is a "Peruvian Butterfly" or "Peruvian Wind-on" You're basically winding a figure-eight around whichever two fingers of your hand you like -- thumb and pinkie, index finger and pinkie, whatever. It's a great way to (a) keep the new yarn under control before the wind-on and (b) get the spindle where you can reach it!
I use the butterfly wind-on even with my singles, since I love-love-love long-spinning spindles and will reach up as high as I can if the spindle's still twirling!
(originally posted in reply to an inquiry about the video on spindlers, this day)