Getting Fiddler to work with localhost or 127.0.0.1

Fiddler, the network package viewer, seems to have a problem viewing local traffic.
As we mostly develop using a local server, this is a major issue.

Fortunately, there is a simple solution, albeit temporary.

Simply add a "." (fullstop) to the end of the host  .

so
127.0.0.1 becomes "127.0.0.1."
localhost becomes "localhost."