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In this video tutorial, viewers learn how to remove a watermark in Microsoft Word. The video demonstrates the process by using an example document with a "draft" watermark. It mentions that other common watermarks include "confidential," "sample," "urgent," and "do not copy." After completing edits to the document, users may want to eliminate the watermark. Instead of double-clicking the watermark, which doesn't work, the correct method is to navigate to the "Design" tab, select the "Watermark" dropdown arrow, and choose "Remove Watermark" to successfully delete it.