The first screen of the wizard prompts you to choose a descriptive name for the Virtual Encrypted Disk you are about to create:
The name of the Virtual Encrypted Disk that you enter here will be displayed by Encryptability on its windows and menus later on, when you will be working with it. If you plan to create several Virtual Encrypted Disks, you may want to enter a descriptive name here to help you distinguish this Virtual Encrypted Disk from others later on. For example, if you plan to use this Virtual Encrypted Disk mainly to store your family photos, you may want to name it Family photos. Keep in mind that this name will NOT be encrypted: it will be shown on the Encryptability screens even before the correct password is entered.
Note that Encryptability can remember the names that you enter here: if you select the option Remember these names, then next time you run Encryptability you can see the previously entered names by clicking on the down arrows at the far right end of the Enter a name boxes. You can select one of the previous names in the list to use it without typing the name again. If you don't want the name to be remembered in this way, clear the Remember these names option before clicking on the Next button. You can also choose the Clear all command (the last item on the list of names) to erase the list and make Encryptability "forget" them.
Next step: Choose folder