Select from this list of file types those that you would like to open by default in WavePad. For example: if you were to select .mp3 here, this would mean that every time you double clicked an mp3 file, it would be opened using WavePad.
Note.: Windows 8 and after DO NOT have File Types page on Options Dialog. If you are the users of these platforms, and would like to set WavePad as the default program, you have to use Windows Control Panel -> Default Programs.