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In today's tutorial, the speaker demonstrates how to add or remove a watermark in Word 2013. Starting with a document that has an existing watermark, the process begins by navigating to the Design tab in the ribbon. In the Page Background section, the Watermark option is accessed. To remove a watermark, the dropdown menu is used. Users can choose from pre-filled watermarks like "Confidential," "Draft," "Sample," or "Do Not Copy," or create a custom watermark by adding text or an image and modifying the font or color. After customizing, clicking "Apply" finalizes the changes, allowing for personalized watermarks that fit specific regulations.