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The tutorial is about adding watermarks to documents using PDF Exchange Editor. Watermarks can be used to protect documents, indicate ownership, and discourage counterfeiting. They can be added in text or image format. To add a watermark, go to the organize tab, click on the watermarks drop-down menu, and then click add. You can choose to use an image file or custom text for the watermark. The preview pane will display the created watermark, which can be customized with font and alignment options. Macros can also be used.