Google Docs now lets you create ‘Confidential,’ ‘Draft,’ and other text watermarks

Back in September, Google added support for uploading image watermarks in Docs

Insert > Watermark on the web will open a side panel that features the new Text tab next to Image

You just Insert text with the ability to customize the font

You can still “insert an image watermark or images above or behind text.” Meanwhile

Google Docs will  preserve text watermarks when importing or exporting Microsoft Word files

This feature is still rolling out and will be fully available in the coming weeks for “all Google Workspace customers