Quickest way to spell in OS X

I just discovered this:

If you're typing a word in Mac OS X, and are stuck midway because you don't know how to spell the rest of it, OS X can offer you suggestions based on its built-in dictionary. To evoke the suggestions, just press "escape" key on the keyboard while the cursor is at the end of incomplete word. It's ultra-handy!

Note: The same feature could also be accessed by pressing F5, but I feel escape button is a lot more easy to press. That's why it's called "escape" key :P