Confuser.Protections.HoLLy
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Process hollowing
I've seen this in practice before. Hollowing an external or the own process would be a neat packer. For more see this.
EDIT: This seems to be called RunPE.
See this crackme for a practical implementation.
while a neat concept, it's very easy to dump so it wouldn't be much of a protection. Not to mention it would be flagged by any half-decent anti malware software, as it's often used to disguise malware.
Any packer can easily be dumped, there is separate protection for that, and it's true that this would possible be detected by anti-malware software, but you run that risk regardless when you obfuscate your software.
This wouldn't be very practical for most applications, but it just seems like a fun thing to implement nonetheless.
Process Hallowing is useless.