To use type text inside modeler
Create > Type Text or press Shift (W)
If you would like to use the type text, you have to choose the Type Text option from the Create menu or just press Shift (W). In modeler, you could type words like many other vector graphic software and then convert it to the 3D Modeling. This is sometime very important especially in creating the 3D logo and curve objects.
You can click on the text tools and type in the text inside the view of modeler. But before you can use the text tool, you must load the fonts first than add true type font inside the LightWave modeler.