I seen it on a video for the ‘Jamboo’, the kid is pullin off some sweet tricks and at 0:42- 0:45 he does a trick that makes the YoYo Pivot around the sting in his hand. I have seen many variations of this trick and wanted to know what some of the names where. Please help 
Hi - the trick you saw in that video was called Gyroscopic Flop (see: YoYoExpert.com - Expert - Gyroscopic Flop).
Yes - Also, if you want to learn some variations on your hand, here are some videos:
Thank you very much…even though Im really a beginner, it does not seem to far fetched for me to try.
I really appreciate the responses!
well good luck but its harder than it seems. It is quite hard to get the hang of, but once you can do it, its quite easy to pull off.