Calvin and Hobbes embodied the voice of the lonely child
avclub.com
avclub.com
Imagination is an intrinsic and essential part of the human experience, especially in childhood, and to call it a 'coping mechanism' is completely missing the point.
Bill Watterson's genius was showing that there's a magic world in all of us; not that the world outside was not oppressive or unpleasant.
C&H is about both imagination and loneliness. It explores the effect that using your imagination has on loneliness and vice-versa.
For me, Calvin and Hobbes ran throughout most of my childhood and contributed as much to my growing up as anything else outside my own family. I saw Calvin as a fellow outsider, but not exactly lonely, because his imagination was his constant companion.