For text to overlap in PowerPoint 2007 it has to be entered into separate text boxes. If you think of each text box as a sticky-note, you can envision how PowerPoint works with objects.

How to Close Shapes in PowerPoint. PowerPoint comes with dozens of free shapes; circles, stars and even smiley faces are only a few clicks away. If you don't find a shape you like, draw your own ...

When a shape doesn't spin in a circular motion as expected in Microsoft PowerPoint, consider where the shape's axis of rotation is. You might need to force a new one.