I ran across this today, I have never heard it before:

"After applying a film of moly assembly lube, the ARP studs are torqued down to 90 lbs.-ft. Once the fasteners are torqued, they must be loosened and re-torqued four more times. According to ARP, all fasteners should be torque cycled so they will produce a true and consistent clamping load throughout the life cycle of the fastener. The reasoning is that when a fastener is first torqued, there is more friction in the threads and this produces a false clamp load. After a few torque cycles, however, the clamp load becomes consistent."

From:

http://www.gmhightechperformance.com/tech/0207gmhtp_buick/

 

Yep, that's the way I do it.

I actually take the first couple tightenings up a few ft-lbs over what I'm actually going to be final torqueing too. ARP's torque specs are 75% of yield.