What are the fields $K$ such that $x^4 = 1$ for every $x \in K^{\ast}$, i.e. such that every element of the multiplicative group is a root of $x^4 - 1$? Of course the finite fields of order $3$ and $5$ are examples, but are this the only ones?
If $K$ is finite, then $K^{\ast}$ is cyclic, hence the equation just holds if $|K^{\ast}| = 4$ or $|K^{\ast}| = 2$, i.e. if for $|K| = p^n$ we have $p^n - 1 = 2$ or $p^n - 1 = 4$, both equations give $p = 3$ or $p = 5$ and $n = 1$. So I guess other field have to be infinite.
Note that the polynomial $x^4-1$ can not have more than $4$ roots, so $|K^*|\le 4$.