I understand that $\theta$ is the true distribution parameter (great explanation here). I also know that $\hat\theta$ is an estimator of the true $\theta$ (so for example, MLE is an example of $\hat\theta$).
But sometimes, I also see $\theta^*$. What does it denote, and what is its relationship to $\theta$ and $\hat\theta$?
During my search, I came across this MIT lecture, which seems to attach different meanings to the three types of theta, but I couldn't really get the relationship. An example slide from that lecture (can be seen on 25:50):
