What does the * mean in my css? : <p>Does the * indicate that its styling will apply to all my other tags?</p>

<pre><code>  * {
    margin:0;
    padding:0;
    outline:none;
    list-style:none;
    text-decoration:none;
    box-sizing:border-box;
    color:#fff;
    background: transparent;
    border:none;
  }
</code></pre>
