Farming is a myth. It was made up by players as an excuse. As for what, I'm not entirely sure about that.
Farming Is when you repeatedly attack a person for money. Make sure you farm inactives and not actives because if they are active they will hit you back.
Yes teach another person to be scared to play the game and only hit inactives so when they receive a random hit one day they rage on someones wall as if the world was ending ?
Farming refers to the cultivation of various edible species of plants and animals. Most farmers take their cultivated foodstuffs to market to trade for other necessities to prolong their existence.
Strip farming over one hit is funny. This is a pvp game expect to get hit because if you start strip farming from one hit you will be getting striped farmed a lot.