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In this 365 Ninja Tip tutorial, users learn how to add or remove a watermark in Word 2013. The presenter demonstrates using a document with a "Sample" watermark. To remove it, users should go to the Design tab, find the Page Background section, and click the watermark dropdown menu to remove the existing watermark. They can also choose from pre-designed options like "Confidential," "Draft," and "Do Not Copy." For custom watermarks, users can add text or images and adjust font and color before clicking "Apply." The tutorial concludes with the example of a custom watermark, showcasing the flexibility in watermark design.