The status bar shows general information and statistics about µTorrent. Its visibility can can toggled by selecting "Options" then "Show Status Bar" in the main menus, or by pressing F6 on the keyboard. The leftmost section of the status bar is an empty slot that resizes along with the window's width, so the following descriptions start from the second item from the left and moves rightward.

Context Menu

Depending on where you right-click the status bar, you will get different menus to control µTorrent's behavior.