Adding to the proxy qn........ so wht exactly is the proxy setting in internet options with windows OS.....(can be accessed from internet explorer under tools-internetoptions-connection-settings-proxy)

on my default connection(dial up) setting......i have under advanced proxy setting like this........

Type :HTTP
Proxy address to use :localhost
port :8080

Here i am not connecting to any external proxy server....and it pointing to local host......so wht is this setting and wht is the advantage of this...........

Thanks