Form bookmarks
The properties for Allow to Bookmark to create record and Allow to Bookmark to specific record in a particular form allow you to control whether or not it makes sense to allow bookmarks for these scenarios.
Note that the Bookmark this record option corresponds to the specific record scenario, and it allows the user to bookmark the Andrew Admin employee record. The Bookmark this form option allows the user to bookmark the form itself. Selecting the form to bookmark means that the user can create a new employee through a bookmark link in their My Bookmarks.
A user's access to the bookmark capabilities depends on security and license access.