I never had a melting pot before so this is something new that I have and it lived up to its name. I used it to melt butter over the weekend becasue I got some crablegs. The melting pot has melted th butter really well and it kept the butter hot. I would but this type of pot again. I would also usd it for other thing like melting cheese or chocolate. No I wasn't aware of the farberware melting pot until now. I actually never seen a melting pot before. I would recommend it to anyone that loves to cook