Short-cuts can also be bookmarks to OLE documents

If you're using an OLE enabled application (such as Microsoft Word), you can create short-cuts that are bookmarks to Word documents (for example).
  • Start the application (Microsoft Word in this case) and load the document you're working on
  • Make a selection (highlight) and right click on it (don't let the right mouse button mouse go...)
  • Drag the mouse over to the desktop (or any other folder, etc.) and let it go
  • Select "Create document short-cut here"
Now every time you double click on the newly created short-cut, it will load Word, the document you were working on and take you to the place where you made the selection -- much like a bookmark.

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