A Word 2007 template is a form that can be used over and over again without overwriting the original form or template. To create a template either take a current document and clean it up into something that can be used over and over again, or create a new document with fields and text you'd like to use i.e. print or have to fill in. Once you've created or cleaned up and old document, you'll then save it as a template. To save it as a template click Word's Office logo button to Save As, to Word Template. This one I strongly recommend watching my training video, as the currently Word 2007 doesn't save templates in the template folder and there's a way around it.

Purchase the training video and you can see this in action for yourself!