LibPQ doesn't say host=* translates to localhost

The documentation [0] doesn't say this should work and general networking
knowledge leads me to believe it wouldn't [1].

PGHOST='*' psql postgres
psql (17beta1)
SSL connection (protocol: TLSv1.3, cipher: TLS_AES_256_GCM_SHA384,
compression: off, ALPN: postgresql)
Type "help" for help.

postgres=# \conninfo
You are connected to database "postgres" as user "davidj" on host "*"
(address "127.0.0.1") at port "5432".
SSL connection (protocol: TLSv1.3, cipher: TLS_AES_256_GCM_SHA384,
compression: off, ALPN: postgresql)

David J.

[0]
https://www.postgresql.org/docs/current/libpq-connect.html#LIBPQ-PARAMKEYWORDS

[1]
ping *
ping: src: Temporary failure in name resolution

ping localhost
PING localhost (127.0.0.1) 56(84) bytes of data.
64 bytes from localhost (127.0.0.1): icmp_seq=1 ttl=64 time=0.026 ms
64 bytes from localhost (127.0.0.1): icmp_seq=2 ttl=64 time=0.031 ms
64 bytes from localhost (127.0.0.1): icmp_seq=3 ttl=64 time=0.028 ms