vBulletin Manual - Adding or Editing a Single Template

Editing a template is simply like editing regular HTML. Each template represents XHTML bits with PHP-style ($varname) variable names. For more information on what you can use in the templates, see the Templates Introduction.

Style – the name of the style that this template is in or will be inserted into.
Title – the title of the template. This is what is used to identify a template, so it must be unique. Generally, only a-z, A-Z, 0-9, and _ are used.
Template – this is the actual body of the template. The [Show Default] link will show you the unmodified version of the template.
Search in Template – the text box and [Find] allow you to search within the template text. This is only available in Internet Explorer.

This row also contains several additional options:

Preview – this allows you to preview the output of the template. Note that no CSS will be applied and variables will be displayed as-is.
Copy – this automatically copies the context of the Template box to your clipboard.
View QuickRef – this displays the language quick reference.

Bryan Ex	20th Apr 2005, 11:03am
The drop down selection list for editing styles "may" appear with a scroll bar hiding the top three or four selections. If you do not see an option to create a new template - scroll up to find it.