I can't figure out why some companies advertise their serrations as being ideal for cutting rope or fabric or some such. Every time I've tried the generic 'three point' serrations that almost every freaking company from Spyderco to Benchmade, Gerber, and Smith and Wesson put on their knives, they've been totally useless for roping, cutting old shirts into rags, etc. As soon as they touch any vaguely fibrous material, they just get snagged, tangled, and end up doing fork-all. The only things I've found they cut well are a) foodstuffs, and b) my hands.
The only decent serrations I've yet found are Kershaw's scalloped serrations and Kabar's serrations, which I've found to to cut materials instead of tear.
tl;dr: I've found that serrations are best left on bread knives and kept far away from pocket knives.