Context Menu Templates... where?

I configured TLB to my liking about two years ago and haven't really tweaked anything since, but yesterday I downloaded v6.1 and decided to have a look at each and every one of the settings available on the TLB Settings window. In the Context Menu section I noticed "Context Menu Templates".

Then in the True Launch Bar Features page I found the following:

Context menu templates
Now you can customize context menu by create your own templates for context menu. Context menus can be different for buttons, virtual folders, plugins and empty space of menus.

However, I cannot find any way to create my own templates, all I can do is use the existing pre-defined templates available from the drop-down lists. If this is already possible I'd like to know how. Thanks!

The templates are located in the folder:
C:\Program Files\TrueLaunchBar\contextmenu

Templates are the simple XML files, you can make the copy of any template, rename it and edit for your needs. I can to recommend the Notepad++ for editing XML files.

Thank you Yuri, this is very useful. I couldn't find this information anywhere in the documentation or forums, maybe I didn't look carefully enough.