Cannot find any info on MagicFieldName 'status'

I just discovered that, according to this url:
http://wiki.rubyonrails.org/rails/pages/MagicFieldNames

‘status’ is a Magic Field Name. But, it has no info on what it is or
does.
Can anyone tell me what the ‘Magic’ behaviour or property is? I have
status
fields in my applications. Am I subjecting myself to some unexpected
behaviours?


Best Regards,
-Larry
“Work, work, work…there is no satisfactory alternative.”
— E.Taft Benson