Watermarks are usually ghosted words, such as DRAFT, COPYRIGHT, CONFIDENTIAL, or the company or creator's name, placed on photos and documents. But watermarks can also be images, logos, or photos. Customers not only want to use digital watermarks to stamp photos and documents, but also to use photos as watermarks. That's one way to create your own stationery, so we've included links for both, along with information about more traditional watermarking using text behind words to our top instructions for using watermarks in Word, PowerPoint, Publisher, and Excel. (Excel doesn't have an actual watermark feature, but you can still create watermarks in Excel using photos or words).