These two models had a single cutaway body style similar to that of the Fender Telecaster, but much smaller, closer in size to the Mustang and Duo-Sonic that the Bullet replaced; the guitar had a 21 fret rosewood neck and Telecaster-style headstock and Kluson Deluxe tuners.

The standard model originally retailed at $199.00 or $249 including the vacuum formed case, cord, strap, polishing cloth & bridge adjustment wrenches.

The S-2 was notably featured in the music video for Twisted Sister's "We're Not Gonna Take It," used by the son of Mark Metcalf's character to blow him out of the window when the song begins.

The guitars featured 3 Single coils or 2 Humbucking pickups like the original USA-made "Bullet" guitars, but steel rods were used as pole pieces with a ceramic bar magnet; the humbucker version consisted of the same paired single coil configuration as the American-made models.

In 1985, 86 and 87 production was again moved, this time to Korea to reduce costs (E serial number pre-fix stamped on the neck plate).

The neck was a rosewood board on maple and had a Strat headstock with a Telecaster style heel, three single coil pickup pattern like the Stratocaster, as well as a low cost two point tremolo.

In 1984/85 there was a Squier Bullet guitar model manufactured in Japan that featured a full sized Strat-style body made of solid wood.

This particular Squier Bullet model is also distinguished by the fact that it featured a two pickup configuration (neck and bridge) instead of the usual three pickup, a Stratocaster style headstock with Telecaster style heel shape, jack socket located on the pickguard, 2 knobs (one volume, one tone), and a top-load hard tail or two point trem.

In 1986 Squier released the contemporary HST ( Hybrid Strat/Tele ) Bullet, E prefix serial on the neck plate, the guitar had a more pointy shaped telecaster style body with 3 pickups HSS configuration (Humbucker, single coil, single coil), a rosewood board on maple neck with a strat shaped headstock, no pickguard & a two pivot tremolo, this was a budget guitar aimed at the Heavy Metal market & was available in ivory or Black.

Squier introduced a new, Chinese-made Bullet Strat in 2005, sporting a built-in tremolo arm, rosewood fingerboard, and one of six body finishes (Pink, Arctic White, Daphne Blue, Fiesta Red, Brown Sunburst, or Black) with a single-ply white pickguard.

The guitars used inexpensive basswood for their bodies and reduced paint steps to the absolute minimum to keep costs under control.

However, they used the same pickups and tuners as their slightly more expensive Affinity series cousins, and generally were acknowledged as good starter instruments.

Some 2002 versions of the black and Frost Red Metallic Squier Bullet Special are known to have the Affinity brand on the headstock as well.

[6][non-primary source needed] In the early 1990s Fender switched from using zinc-plated steel for the bullet ends to brass, improving sustain.