Alright, so this has kinda been in the works for a while.
I've got a Japanese-made Squier Strat that I feel has a lot of potential.

I'm going to refinish it because of all the dings and such in it. I've looked up tutorials on paint stripping, and it's been suggested to use chemicals do strip the paint.
I've read that the chemical method is only good for certain kinds of guitars, would it be fine for mine? It's not the typical Strat style with a pickguard, there's no pickguard, it's similar to a Gibson wiring wise, in that all the wiring and such is in a compartment with a screwed in panel on the back.

Also, I think I want to refinish the head stock as well. When stripping the paint would I just mask off the fret board and such?

Last question, can someone please explain to me the differences between series wiring and parallel? I've looked up stuff at guitarelectronics.com and I can't understand a lick of what they're saying..
https://www.ultimate-guitar.com/forum/showthread.php?t=542726 <---That should help with the stripping/refinishing

https://www.ultimate-guitar.com/forum/showthread.php?t=1019006 <---That should help with the wiring.

Hope those links help ya