Click the View... button to open the Clip Library in your default file manager (usually in the Windows Explorer). Using your file manager, you can create, rename, move, delete subfolders or clips in the Clip Library.
When the Replace clip names as-you-type box is checked, clips can be inserted into documents even when the Clip Library panel is not showing (please see Clip Library > Inserting Clips As-You-Type for detailed information).
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