Microsoft Word 2003 allows users to create, open, edit, and save documents. The standard toolbar contains buttons for common tasks like creating a new blank document, opening an existing document, saving the current document, and printing. It also includes formatting tools for inserting tables, hyperlinks, and checking spelling or grammar. Word provides multiple ways to format text including changing the font, size, style, color, and alignment. Headers and footers allow information like page numbers and copyright details to be automatically added to all pages.