I thought I would take a minute and tell you about my new favorite website www.somesite.com it took seconds for me to fall in love with it and I think if you are a web developer working on your local box you will too. Somesite.com and *Somesite.com resolves to 127.0.0.1 in other words it can serve as a replacement for localhost.
I can’t find any whois info the somesite.com domain so depend on it at your own risk.