I was LOOKING for this for a very long time now. One time, some dude showed me this off-hand, I KNEW I should write it down, and I lost it.

Now I’ve found it again.

In C:\WINDOWS\system32\drivers\etc\hosts (no extension to file) there is:

# Copyright (c) 1993-1999 Microsoft Corp.
#
# This is a sample HOSTS file used by Microsoft TCP/IP for Windows.
#
# This file contains the mappings of IP addresses to host names. Each
# entry should be kept on an individual line. The IP address should
# be placed in the first column followed by the corresponding host name.
# The IP address and the host name should be separated by at least one
# space.
#
# Additionally, comments (such as these) may be inserted on individual
# lines or following the machine name denoted by a '#' symbol.
#
# For example:
#
#      102.54.94.97     rhino.acme.com          # source server
#       38.25.63.10     x.acme.com              # x client host

127.0.0.1       localhost

So, localhost is an alias for 127.0.0.1.
Now if you want that to be shorter, add a line like:

127.0.0.1 me

Save the file.

Then go to your browser and type

http://me/

that should be equivalent to http://localhost/ now