Wolfram Research has had the same documentation for this function for the last 8 years at least:
Thread[f[args]]
\"threads\" f over any lists t
Thread is a bit like a generalization zip
from other functional languages.
For simple cases, where all the elements of args from your example are lists,
Thread[f[args]]
is equivalent to
f @@@ Transpose[{args}]
as shown in the first couple examples in the documentation. The major wrinkle is when you have args that are not lists, in which case they're effectively curried out; for example,
Thread[g[{a, b}, c, {d, e}, f]]
is equivalent to
g[#1, c, #2, f]& @@@ Transpose[{{a, b}, {d, e}}]
I usually find myself using Thread to construct lists of rules or lists of equations.