Click on 'File' at the menu bar and then click on 'Save As.' Name the document. Then, just below the file name is the dialogue, 'Save as type:'. Choose 'Document Template (*.dot).' You'll notice the directory at the top of the dialogue box changes to 'Templates.' Click 'Save' and you're done.
This is nothing different from a document file, but you can work on it to publish on web directly as a web form template. This one is the latest feature of word. You have several integrated programs to improvise your templates in terms of visual appearance. You also have the option to work with the add_ons in MS word. If you work wisely, you can bring out a professional template all by yourself.