If you right click on a timing track name, you need to select import lyrics. In the window that pops up you can type in the lyrics. After the lyrics are entered and showing up in the sequencing grid, then you can adjust them. Next step is to right click on the timing rack name and select break down phrases, and repeat once again for break down words.
Depending on the settings for the feature, if you double click on a lyric it will play that section by default. You can change that setting under settings, timing dclick mode, or simply shift double click to edit.
