A string of characters in a buffer of memory.
Characters input from keyboard go into a "string buffer". Characters output to the screen come from a string buffer, generally.
I don't know the Forth language, either. But, if it does have a specific meaning in Forth, it's meaning is only important to the compiler, IMO. No compiler would care what characters are in a string buffer, unless...
The "U", or its ASCII equivalent, is used as a tag in the code itself, say to signify "end of string." (Which would be a dumb thing to do. Heh.)
Just a guess.
Keep in mind OF is not meant to be accessed by every Joe Sixpack. It was written in short, simple, primitive code, for low-level access by technicians. Writing extra code to make it foolproof would be silly, as your grandma shouldn't be messing with it anyway.
regards,
MAJ