Let $\Sigma$ denotes a suspension $$\Sigma X =S^1 \wedge X \equiv (S^1\times X)/(X\vee S^1)$$ where $\wedge$ is the the smash product, and $\vee$ is the wedge sum (one point union) of pointed topological spaces respectively.
I understand the wedge sum $\vee$ is a "one-point union" of a family of topological spaces. But the suspension obtained by $S^1 \wedge X \equiv (S^1\times X)/(X\vee S^1)$ is harder to imagine.
Let us take elementary examples.
- Using the idea and the picture in Wikipedia, imagine the blue circle as $S^n$ and intuitively obtained by stretching $X=S^n$ into a cylinder and then collapsing both end faces to points.

it is easy to see that left hand side (LHS) $$\Sigma S^n=S^{n+1}$$
How do we see from the right hand side (RHS) $$(S^1\times X)/(X\vee S^1)=(S^1\times S^n)/(S^n\vee S^1)=S^{n+1}?$$
Some intuition about quotient space over $(S^n\vee S^1)$ is needed.
- The suspension of a manifold is almost never a manifold. Now let us consider $$\Sigma T^n,$$ from the LHS I intuitively obtain the suspension $\Sigma T^n$ by stretching $X=T^n$ into a cylinder and then collapsing both end faces to points.
How do we see from the RHS $$(S^1\times T^n)/(T^n\vee S^1)=(S^1\times T^n)/(T^n\vee S^1)=?$$
- The suspension of a manifold is almost never a manifold. Now consider the last two examples, $X=T^3 \times S^2$ and $X=T^n \times S^m$, what do we get on the LHS by stretching $X$ into a cylinder and then collapsing both end faces to points. $$\Sigma X =?$$ what do we get on the RHS $$S^1 \wedge X \equiv (S^1\times X)/(X\vee S^1)=?$$ How do we see that LHS and RHS match intuitively?

We must not confuse the (unreduced) suspension of a topological space $X$ and the reduced suspension of a pointed topological space $(X,x_0)$. Your $\Sigma X$ is the reduced suspension and should be written more precisely as $\Sigma (X,x_0)$.
Let us denote by $S X = X \times [-1,1]/ \sim$ the unreduced suspension, where $(x,-1) \sim (x',-1)$ and $(x,1) \sim (x',1)$ for all $x,x' \in X$, and let $p : X \times [-1,1] \to SX$ denote the quotient map. Usually one defines $$\Sigma (X,x_0) = X \times [-1,1]/(X \times \{ -1, 1\} \cup \{ x_0 \} \times [-1,1]) = SX / p(\{ x_0 \} \times [-1,1]) .$$
We can identify $S^1$ with the quotient space $[-1,1]/\sim$, where $-1 \sim 1$. Let $\pi : [-1,1] \to S^1$ denote the quotient map and $\ast = \pi(-1) = \pi(1)$. Define $$q : X \times [-1,1] \to S^1 \wedge X, q(x,t) = [\pi(t),x]$$ where $[-]$ denotes equivalence class in the quotient $S^1 \times X / S^1 \vee X$. It can be shown that $q$ induces a homeomorphism $Q : \Sigma (X,x_0) \to S^1 \wedge X$.
You see that $S S^n = S^{n+1}$. $\Sigma (S^n,\ast)$ is obtained from $S^{n+1}$ by identifying half of a great circle to a point. One can show that this space is homeomorphic to $S^{n+1}$.
Questions 2 and 3 are not precise. I guess $T^n$ is the $n$-dimensional torus. Do you want to have an identification with a "well-known" space? Up to homotopy equivalence an answer is provided by Proposition 4.74 in
Hatcher, Allen. Algebraic topology.