If any listing page is already published, you will get the “Draft” option here. But if the list page is in the ‘Draft mode’, you will get the Publish option.
If you select multiple list records containing draft and published status, then all those lists will be converted to published status. If you have selected all the published list records, they will be converted to draft.
You can move into the ‘Draft’ mode only if the list is not used in the Page Builder for a specific page.
By clicking on the ‘Edit’ option, you can edit the list page. You can drag & drop the Fields from right to the body of the selected entity.
Note: If you are editing any List page, you cannot edit/change the Entity, cannot use the ready list from CRM (Use Existing), or cannot use the fetchXml Query. You can edit the fields of the entity only.