How would putting a blanket over a rope or chain under tension (i.e. pulling a truck out of sand/mud) work to reduce the risk of it flying out and hurting someone should it snap?

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Awhile back I helped pull a couple of guys who’d gotten their truck stuck in the sand out using a couple of heavy cargo straps that I had in my truck.

One of the guys put a blanket over the straps and said it would dissipate the energy should the straps snap. It sounded plausible to me, but curious if it’s a legit claim.

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