From New/Edit Item form user can select one of predefined lookup values.
From New/Edit Item form user can select one of predefined lookup values.
Also with "Add new item" functionality user can add additional items on fly.
View Item form shows selected lookup.
List View form shows list of the selected lookup values.
These settings change displaying mode for list view and view item form.
These settings determine values in picker dialog.
User can easily select lookup value using Picker Dialog.