The time complexity of Weighted Union-Find with Path Compression, for M union-find ops and N objects is said to be
$$ O(N + M \lg^*N) $$
and the $ lg^*N $ is "log star N" and is iterated logarithm. It can be almost taken to be a constant, as $ lg^*2^{65536} $ is only equal to 5. Why is it $ lg^*N $ and what kind of operations / algorithm typical can produce $ lg^*N $?