Infinity THread (normally 80, penguin has it for 60) +
Million Dollar Knot +
nice supply of Magicians Wax + FREE DVD THANKS TO MARCH MADNESS AT PENGUIN MAGIC = 82.50
With the Million Dollar Knot, you learn some really nice effects with loops to get you started. PET isn't the best thread in the world, but I recommend you use it before getting Infinity Thread, however, Penguin is giving you a free DVD if you spend 50 bucks or more. I forgot what DVDs they have up for grabs. It's up to you.
I love loops and I use them on a daily basis. Infinity Thread and the Million Dollar Knot will serve you well. I also highly recommend you do get all 3 loop DVDs if you enjoy loops. Justin Miller's Blank Out and Shadow Reveal is awesome. Daniel Garcia's Life is so much fun. Nathan Kranzo teaches some good advice on loops and teaches a nice rubber band effect and a cool match effect. There are more great effects on all 3 DVDs you'll use. I just said my favorites. I highly recommend it. I'll do a review on each of them soon.
-Doug