I just got a junker Fender strat from a friend that I am going to try and nurse back to health. I want to learn a bit of history about it first though. Is there any resource on the web where I can look up info on this guitar using it's serial?

I found some but they are just for US made Fenders. This one was made in Japan.
google "dating japanese fenders"

07 Fender American Deluxe Strat
07 Fender Custom Telecaster
09 Seymour Duncan Pickup Booster
09 Fulltone OCD V.4
10 Ibanez WH-10 V.2
09 Splawn SuperStock
10 Jet City JCA-20
97 Fender Hot Rod Deluxe

Yeh the SICK! bit sounds a bit stupid.

OK, when I went there before I didn't see the dating link. NM then.

Apparently this model is an 1989-1990 version.
nice japan fenders are in between mexican and american quality and price wise. fender killed it because it was becoming better than american made stuff haha. sorry it's a no longer made product
Jackson RR5 ivory w/ EMG 81/85
Jackson DX6 w/ SD Distortion & Dimarzio Super Distortion
Fender Starcaster Sunburst
Mesa/Boogie DC-3
Johnson JT50 Mirage
Ibanez TS-9
Morley Bad Horsie 2
Boss CE-5

ISP Decimator
Boss DD-6
Korg Pitchblack