You can add an entry or modify the one you select first, by pressing the relevant button in the Bootloader Configuration screen and editing the screen that pops up on top of it.

Some things that can be done without any risk, are changing the label of an entry and ticking the box to make an entry the default one.

You can add the proper version number of an entry, or rename it completely.

The default entry is the one the systems boots into if you don't make a choice while booting up.