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Okay, I thought the name was pretty self explanatory, but here it goes.

Being able to set up a project, and then save it as a template, and then to create a new project using that template, and it makes a project automatically populated with the templates tasks tasks, like for a vacation template: Stop the mail, Give spare key to neighbors, Take dog to kennel.

Something that you can expand on with tasks unique to the situation, but has your own prebuilt scaffolding for the project.