You will learn the following:

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In the Layers panel, click the Create New Layer button at the bottom on the Layers panel.
Name the Layer by double-clicking on the word "Layer" and type in a new name.
- To create a new sublayer inside the selected layer, click the Create New Sublayer button in the Layers panel.

Do one of the following
- Double-click the item name in the Layers panel.
- Click the item name and choose Options For <item name> from the Layers panel menu.
- Choose New Layer or New Sublayer from the Layers panel menu.
Specify any of the following

Name: Specifies the name of the item as it appears in the Layers panel.

Color: Specifies the layer’s color setting. You can either choose a color from the menu or double-click the color swatch to select a color.

Template: Makes the layer a template layer.

Lock: Prevents changes to the item.

Show: Displays all artwork contained in the layer on the artboard.

Print: Makes the artwork contained in the layer printable.

Preview: Displays the artwork contained in the layer in color instead of as outlines.

Dim Images: Reduces the intensity of linked images and bitmap images contained in the layer to the specified percentage.

Understanding Layers
While watching the video below, answer these questions:

QUESTIONS:
1. How do you create a layer?
2. What is the name of the column with the lock on it?
3. What is the name of the column with the eye on it?
4. How do you search for content on the layer panel?
Video: Illustrator Layers Panel
I recommend watching this video in full-screen mode to see the small icons on the layer panel.