Microsoft Word 2007 can be used to create a variety of documents like flyers, letters, memos, resumes, reports, and fax cover sheets. It has multiple tabs like Home, Insert, Page Layout, References, Mailings, Review, and View that contain groups of commands for different functions. The Home tab contains commonly used commands for editing text and formatting, while other tabs allow inserting objects, setting page layout, adding references, mail merging, reviewing changes, and customizing document views. Word has tools for manipulating fonts, paragraphs, styles, and other text features.