How do I add a Watermark (Text: Draft, Confidential)?

There are times when you want text to appear faintly behind the content of your Microsoft Word document. For example, maybe you want the word "CONFIDENTIAL" printed faintly behind the text in a contract, or the word "DRAFT" printed at a 45-degree angle behind the text in a draft copy of a letter. In Word, this is called a watermark, and it's something that you can add to your document quickly and easily using the Printed Watermark dialog box.