The idea for this circuit came from a desire to have an LED effects loop that could be triggered by a microcontroller without burning cycles to keep the effect going. There are many ways to achieve this, but the approach I’ve take was influenced by recent experience with the LM331 when building the BoldportClub Pease. As always, all notes, schematics and code are in the Little Electronics & Arduino Projects repo on GitHub
Here’s a quick video of the effect running on a breadboard: