Starcaster, what a nice name.
The first Fender guitars were the Broadcaster, Telecaster and Stratocaster and then came the bass.
It would have made sense to call it the basscaster but I think Leo saw the confusion that might cause. Besides the fact it makes the instrument sound like a fishing rod, if you hang a cig at the headstock and you accidentaly burn the B, you'd have an asscaster, and no one wants that. So Precision won.