Read closer, it defaults to fast, not off
But the documentation does appear to be correct: https://godbolt.org/z/3bvP136oc
Crazy.
In any case, according to the sibling comment, the default is 'fast' even in std-compliant mode in C++, which I find very surprising. I'm not very familiar with that corner of the standard, but it must be looser than the equivalent wording in the C standard.