I'm curious. The Picket Pin wet has been one of my favorite flies for a long time... but around the same time I heard of the wet, I learned of the streamer. If my memory is correct, I think I learned about the streamer before learning of the wet fly actually.
The streamer is basically palmered peacock body, "ribbed" with ginger saddle hackle with a squirrel tail wing. Simple, and very very effective fly dead drifted, stripped or swung...
I've never really seen others fishing the streamer version, and that has me wondering - does any one fish the streamer version besides me (sarcasm ) and, do any of you know more of the history of the Picket Pin streamer? I've not really been able to find any!