On the next screen, optionally edit the settings for the field, which vary depending on what field type you are creating. For all fields, you can edit the <em>Label</em>, <em>Help text</em> (text to be displayed below the field on the content editing page), and <em>Required field</em> (to make it so a value must be entered in order to save the content when editing). You can also configure a default value for the field.