Machine Heads / Tuning Pegs - Used for tuning individual strings up or down in pitch.
Nut - Used to anchor the strings over the frets.
Strings - From left to right, or lowest to highest pitch. Low E-A-D-G-B-High E
Frets - Used to create notes by pressing the strings down on them.
Pickups - Similar to microphones, they send the sound from the strings to the amplifier.
Bridge - Like the nut, the bridge anchors the strings over the frets. Note: The bridge on this guitar is a tremolo bridge, making tuning a little more difficult to achieve and maintain.
Pickups Selector - Allows you to choose between the neck, bridge, or both pickups.
Volume and Tone Controls - Allows you to adjust your volume and tone as you would on your stereo.

Guitar diagram from www.GuitarMetal.com 2004