There are only a bajillion software developers and editors who work for Microsoft and all of them missed this!
Look closer:
Yes, it does read:
“Change the wy text wraps around the selected object”
This bug appears in MS Word for Mac 2011 documents, when saving files in compatibillity mode (i.e., .doc file types, not .docx).
You’re welcome.
Occasional Observations of Traveling Technology Coach 