Yes, it does! Brother Randy does outstanding work, which wasn't learned overnight.
And newsprint used to be used to rub out planes, also. Corn starch is outstanding for rubbing out black lacquer. Point is, whatever you have, will work, if you use it right and have patience.
Another "common" item is Gorham's Silver Polish (the pink paste, Onieda, etc.). Several Concours winning finishes from some place in NJ were rubbed out with that.........