In your case, there is a not-so-difficult way to do this from your level of technology. If $X$ is quasi-projective, pick some embedding of $X\hookrightarrow \Bbb P^n$. Now a map from $k^*$ to $X$ is the same thing as a map from $k^*$ to $\Bbb P^n$ which lands in $X$. Such a map is given by $[p_0(t)/t^{d_0}:\cdots:p_n(t)/t^{d_n}]$ where the $p_i$ are polynomials, $d_i\geq 0$, and $t$ is a coordinate on $k^*$.
After multiplying through by a sufficiently high power of $t$, we may assume that our map is actually given by polynomials $[p_0(t):\cdots:p_n(t)]$. Now write $t=\frac{u}{v}$ and multiply through by the highest power of $v$ found in a denominator. This gives us that our map is given by $[1:\frac{u}{v}]=[v:u]\mapsto [q_0(u,v):\cdots:q_n(u,v)]$ for polynomials $q_i$. Now we can divide out by the greatest common factor of all of these polynomials to get a map which is globally defined from $\Bbb P^1\to \Bbb P^n$. This lands in $\overline{X}$ by irreducibility of $\Bbb P^1$.
This trick generalizes (though one has to be slightly more careful and work more locally): one can use this idea to show that any rational morphism from a nonsingular projective (=proper) curve to a projective variety is actually defined everywhere: write the map as a collection of rational functions, and then at any point where things aren't defined, clear denominators. Being able to do this relies on the fact that the local ring of a regular point in a curve is a DVR, so we know what to multiply by in order to clear denominators: some power of the uniformizer of this DVR. The valuative criteria is a natural generalization of this procedure - if you keep interested in algebraic geometry, you'll meet this one day and go "oh, yeah, I recognize you".
(Related: Alex Youcis' comments here.)