Fender Lead Compact is a 60-watt channel switching amplifier with reverb, providing a wide range of controlled sounds. It features two channels, Normal and Reverb, each with its own set of controls, including volume, treble, middle, and bass. The Normal channel has a bright switch for added brilliance, while the Reverb channel has a gain boost switch and a dedicated reverb control. Additionally, there's a channel pedal with a 20-foot cable for selecting channels and turning reverb on/off remotely.