#2
The fat strat has a humbucker pickup in the bridge position.
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#4
Higher quality because it's got a humbucker? Nonsense.

It's for different sounds. Some people like humbuckers. Some people like single-coils. Neither one of them necessarily has some sort inherent superiority. Different strokes, etc.
#5
And too make 100% sure fat just means pickups are different? It doesn't mean the body is thicker or anything?
#6
Bingo. It's called a "Fat Strat" because humbuckers are geared toward a fatter, thicker tone, not due to having a thicker body.