We briefly review the current understanding of supernova. We investigate the implications of rapid rotation corresponding to the frequency of the new pulsar reported in the supernovae remnant SN1987A. It places very stringent conditions on the equation of state if the star is assumed to be bound by gravity alone. We find that the central energy density of the star must be greater than 12 times that of nuclear density to be stable against the most optimistic estimate of general relativistic instabilities. This is too high for the matter to plausibly consist of individual hadrons. We conclude that the newly discovered pulsar, if its half-millisecond signals are attributable to rotation, cannot be a neutron star. We show that it can be a strange quark star, and that the entire family of strange stars can sustain high rotation under appropriate conditions. We discuss the conversion of a neutron star to strange star, the possible existence of a crust of heavy ions held in suspension by centrifugal and electric forces, the cooling and other features. 39 refs., 8 figs., 2 tabs.