@grandpa: That's the default IP address of your own computer (=home) when it's not connected to anything.
"Network 127.0.0.0 is reserved for IP traffic local to your host. Usually, address 127.0.0.1 will be assigned to a special interface on your host, the loopback interface, which acts like a closed circuit. Any IP packet handed to this interface from TCP or UDP will be returned to them as if it had just arrived from some network. This allows you to develop and test networking software without ever using a “real” network. "
"Network 127.0.0.0 is reserved for IP traffic local to your host. Usually, address 127.0.0.1 will be assigned to a special interface on your host, the loopback interface, which acts like a closed circuit. Any IP packet handed to this interface from TCP or UDP will be returned to them as if it had just arrived from some network. This allows you to develop and test networking software without ever using a “real” network. "
http://www.faqs.org/docs/linux_network/x-087-2-issues.ip-addresses.html