Some say the Telecaster pre-dated the Esquire. We aren't going to argue with Fender though so here is a brief description of the Squier Paranormal Esquire Deluxe in their own words:

"The Paranormal Esquire Deluxe imagines what the very first Fender model would have looked like if it had evolved into the 1970s, combining single pickup simplicity with innovative functionality and styling cues of the era. Multiple tonal personalities of the Fender-Designed Wide Range pickup are accessible via the 3-way rotary switch which selects single-coil, humbucking or humbucking with volume and tone bypass settings. Other details include a vintage-style string-through-body hardtail bridge for optimal body resonance, a slim and comfortable "C"-shape neck profile with a slick gloss finish and vintage-style tuning machines for smooth, accurate tuning."