The panel that appears shows you the contents of the directory <DocumentRoot>/WebObjects. <DocumentRoot> is your HTTP server's document root, which you specified when you installed WebObjects.
You no longer need the untitled document, so you can close it at any time.
There are three parts to a component: an HTML template, a script, and bindings between the two. You use WebObjects Builder to create these three parts. The section "Components" in the introduction to the WebObjects Developer's Guide describes other things that can go into a component.
Usually applications contain several components, each representing all or part of a page. The GuestBook application, however, only has a single page, which is represented by the Main component. The rest of this tutorial describes how to edit the Main component.
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