Hotkey: Ctrl+Shift+P
Takes properties from one object and applies ("paints") them onto other objects. You can paint all properties or only selected ones.
The list of properties depends on the selected object. For instance, a text object will have a category for Text properties; a sphere will have a category for Sphere properties.
Local menu options:
Make property values preset: If this is selected the Make Property Value Presets dialog will appear. You can specify a name and type of preset that you want to create. The parameters of the preset will be generated from the object you selected, and the properties you specified in the Format Painter palette.
Use Palette: Displays or hides the Format Painter Palette.
Mark All: Selects all properties for painting. If the Format Painter Palette is not displayed, the properties will appear in a separate window.
Unmark All: Clears all properties for painting. If the Format Painter Palette is not displayed, the properties will appear in a separate window.