What knot is taught by having the rabbit come out of the hole run around the tree and back in the hole?

The Bowline is by far one of the best-known and oft used knots. It has been used for centuries and is very familiar to sailors, climbers and other outdoor enthusiasts. Used to form a fixed loop at the end of a line, the Bowline can be tied with one hand, does not jam and is reasonably secure. Don't get too carried away though, the Bowline has been known to work loose when not under tension and may reduce the breaking strength of the cord by as much as 40%. None the less, it is an important knot to know and is useful for tasks ranging from building snares (form the main loop by threading the standing line through the knot loop) to hanging bear bags to rigging rope for emergency rescues. The knot is made more secure by leaving the tag end long and adding a stopper knot or two half hitches.

Many people learned to tie it by remembering the rabbit story. The rabbit comes out of the hole (the tag end through the loop), goes around the tree (around the standing part of the rope) and goes back down the hole (down through the loop).