Only if it were a faulty circuit (and I'm almost positive it's not), you could burn the circuit by forcing the strobing to happen. I "played" making it strobe for about 2 days and the light's just fine.
Dirty threads develop with use and is a normal occurrence even in new lights (sometimes moreso in new lights as the threads smooth themselves out with initial use). Wiping off the gunk is not an issue, and the o-rings won't crack even if they're bone dry for a looooong time. Wipe off the threads and all the bare aluminum and other contact areas with a clean paper towel - repeat until there's no residue on the paper. You can re-apply some lube on the o-rings later on - make sure the bare aluminum threads and the ends of the battery tube and the switch retaining ring are clean (you can use alcohol and another clean paper towel for triple cleaning power).
The batts in the T1 I have are past that "threshold" I was talking about, but I could get the light to strobe when I "squeezed" the light as you describe.
BTW, which brand of batteries are you using? Did you try different sets to make sure they're really on 100% capacity?
If it's not a battery issue, the next logical potential source of trouble are dirty threads. Clean them real well and try again. If you are able to replicate the strobing with clean threads and new batts, I can then think of 2 remaining options:
- faulty connection in the circuit: to diagnose, simply answer the following questions: does the light strobe when the head of the light is fully tightened? does it strobe once you disengage the high mode and the light is in "low" mode? If the light strobes only when you're somewhere in between the 2 modes (such as when you're squeezing the ends), then we're onto something: "bad contact" because you're hitting the "sweet spot" between low and high modes (some SF U2's do that when you move the selector ring between 2 modes). Maybe the switch retaining ring is lose - tighten it. It's not really a light defect, more like operator-caused effect.
- the final option would be a faulty circuit. However, if you do the previous tests (full high/full low) and the light works well, then it's very unlikely it's the circuit malfunctioning.
OK, I'll shut up now.