ARF= almost ready to fly. Ya it will hold about 1.5-2 pounds if you have duel brushless motors and a 1500 mHa li-poly battery and a big prop. The fusalage is a piece of square alluminum tubing and weighs about 1.5 pound rtf (ready to fly) My slow stick lasted for years and can fly for about 45 minutes with a li-poly pack. You need 2 servos and a speed controler, which makes it 3 channel.
you can buy one here at
www.towerhobbies.com (dont buy one unless you really know what you are doing) It is EXTREAMLY slow and EXTREAMLY stable, but you need to by alot of upgrades if you want to carry a pay load. All ready to go and basicly on steroids for planes, it will cost about $200 It is a great plane, infact is is so slow that i can catch it with my hand (with the prop off of cource)
edit- dead stick is when you have no control over the plane because it is (1) out of range of the controler, which is about 1 mile, or (2) if the battery died and cant power the servos. Any other plane questions?