Abstract: A fly tying vise to be used for holding a fishing hook and to provide rotation of the fishing hook on two axes, one axis along the center of the hook shank, the other axis perpendicular to the hook shank and the two axes cross each other. The fly tying vise has a multi-part base assembly and a bearing mechanism which will provide a lateral rotation of the jaws. While the hook holding mechanism is connected to the rotatable part of the base, a series of elongated designed parts connected to the stationary part of the base and extended over the cylindrical center of the base assembly for holding parachute post to aid tying parachute patterns and like. The vise base can be locked in different positions laterally for using the vise as a regular rotary vise or working on a fly from different directions, such as fight handed or left handed.