I think it's brilliant as an idea but not particularly mysterious after the fact or something. I love it, but think it's brilliant in part because it's so transparent and simple.

I agree "bootstrap" has expanded a bit in meaning but I think it's basically the same idea.

I used to think it was cheating but have realized there is a cost to it, which is replication. For many things it's just impractical in terms of computation time. So although it's great, it requires a lot.