The asterisk serves as the truncation (or wildcard) operator. Unlike the other operators, it is appended to the word to be affected. Words match if they begin with the word preceding the * operator.
If a word is specified with the truncation operator, it is not stripped from a boolean query, even if it is too short or a stopword. Whether a word is too short is determined from the innodb_ft_min_token_size setting for InnoDB tables, or ft_min_word_len for MyISAM tables. These options are not applicable to FULLTEXT indexes that use the ngram parser.
The wildcarded word is considered as a prefix that must be present at the start of one or more words. If the minimum word length is 4, a search for '+word +the*' could return fewer rows than a search for '+word +the', because the second query ignores the too-short search term the.