This command creates a new untitled workspace to edit or record into. The first question that is asked is the sample frequency you want to use:
Select one of the standard frequencies suggested, or enter your own custom sample frequency. A new, but empty and untitled graph window is then created in the graph pane. You can now paste sound, generate DTMF or record sound into this area. The empty and unused sound window looks like this:
The New command can also be activated by clicking on 
in the toolbar section.