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The best treatment for dry flies bar none. Watershed is a permanent waterproofing treatment for dry flies. Apply 1 or 2 drops of Watershed to your dry fly hackle at your tying bench when you have finished your fly. Let it cure for 24 hours and you have a permanently waterproofed dry fly. I use this myself because it means I don't need to take any gels, creams or other fly floatants with me fishing. If the fly does become waterlogged then just squeeze it between some amadou (or even a tissue), give it a few false casts and carry on fishing. You can also use watershed to treat your materials before tying them in and you can even use it on leaders & lines (it is a brilliant treatment for furled leaders). Also because you only use 1 or 2 drops the bottle lasts a long time!