You can punch holes in the pages of a printed document. (A hole punch-capable finisher must be installed on the printer.)
These settings are specified on the [Paper/Imposition/Finishing] screen.
Note that this explanation outlines the finishing settings. For details about a specific setting, see the on-screen balloon help that appears when you click the button.
To confirm finisher installation, and for details about compatible paper types, available stapling locations, and number of punch holes etc., see the printer's documentation.