The Control Strip control panel is a Control panel which sets options related to the Control Strip. It is included with System 7.5 and later, but would be removed in Mac OS X (as Mac OS X did not support the Control Strip).
In this section, you can choose whether or not the Control Strip would be visible or not. You can also set a Control Strip control panel
Here you can choose a font and a font size, which will be used in all menus that appear when you click on a Control Strip Module.