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As you have OOP, you can have multiple templates, not just one. Type "template" into the OO help command and read all about it. Very useful if you have checklists, or other pre-formatted documents that you use repeatedly. I use it to keep the checkboxes out of sight on most of my documents without having to fiddle with the inspector each time I start a new one.

Not really anything you couldn't do by duplicating a file in the Finder before launching the app, and I probably wouldn't have updated to OOP just to get this feature, but if you've got it, you might as well use it!