1. A computer-implemented method for customizing note flags comprising: receiving notes from an input device; selecting a note; receiving an ink gesture; wherein the ink gesture received is inked in a shape of a note flag on a display; automatically processing the received ink gesture to determine the shape of the note flag that was inked on the display; wherein processing the received ink gesture comprises comparing the shape of the received ink gesture to a shape for each of the note flags until a match is found; automatically selecting a note flag whose shape matches the shape of the note flag that was inked on the display; wherein each note flag is associated with a different shape; displaying formatting options for the selected note flag; displaying a preview of changes made to the selected note flag; saving changes made to the selected note flag on storage medium; and displaying a note flag summary; wherein displaying the note flag summary comprises extracting each note that has an associated note flag; and displaying the extracted notes with each associated note flag separately from a display of the notes and initiating action in another application program in response to determining that the note flag is selected within the note flag summary.
10. The method of claim 1 , further comprising determining if a change in color for text corresponding to a note flag is desired.