The Status Bar is probably the second most useful thing in savIRC, it contains one menu, and two sections across the bottom of savIRC.
Nick Label. This holds your currently active nick. This allows you to know what your nickname is on the active server.
If you right-click on it, you will get a menu which will allow you to:
When you are connect to, two or more servers, the network name will appear next to your nickname.
Bytes Per Second (BPS). If there is no DCC or text input/output going on, it will be 0. Otherwise this feature will tell you how much traffic is being transferred.
0/430. When typing you will end up running into a cutoff if your paragraph is large. So to help you to determine if you are close to a cutoff, it counts the characters that you have typed and lists the maximum. The number on the left side is the amount of text that you type, the count on the right side is the maximum allowed.
Text Preview.

Status Bar - Text Preview
Whenever you use a color code, bold or underline, the text will show up in the Text Preview section. This is very helpful when you are doing something complex with the color codes; you’ll see an on-the-fly preview of it before sending it.
Multiple Connections.

Status Bar - MultiServer
When you are connected to multiple networks, the active network name will appear next to your nickname. You can also right-click on it, which will bring up a menu which contains: