That Wi-Fi button truck also works with the volume and Bluetooth buttons. You can also quickly toggle focus mode by option clicking on the time (or the Notification Center button)
It’s also a normal click in macOS to change the output device. Option + Click is only needed when you want to change the input device without changing the output device
Interesting, on my macbook it doesn't display anything. Must just be hiding output options because I have only the built in speakers. Shucks I can't delete or edit the comment now :(