Alright, I know this might be crazy, but I think I've got it. I used this website video. Slideshow of Cure for the droopy butterfly bow! - Photobucket - Video and Image Hosting
I looked at it like a millon times.
I went back and followed everything exactly. I think the important things I was missing were:
1. Make sure the loops are even before you sew. I know this self-explanatory for most, but I guess I thought they would "magically" adjust themselves...
2. Make sure the figure 8 is not a fat figure 8....makes floopy loops
3. (one thing is doesn't show well) When you fold in the two loops, overlap about 1/4 inch or a little more. I makes a better looking bow once you turn it over. Try both ways and see.
4. The creasing is the key to a pretty bow. I creased at least 3 times (sometimes 4) and got the best results (without a bow maker).
Here is the bow I just made. It may not be the best looking bow, but it looks okay to me and I'm pretty proud of it. (Okay, looks like I'll have to post later...my computer is acting stupid.)
Hope this helps someone....