Wrapping Body Content is a more modern replacement for the Body Content content type, and can be used in the same manner and in all of the same circumstances; however, Wrapping Body Content is also able to wrap around floating items (like slideshows, feature images, and videos) to create a newspaper-like effect.
Using Wrapping Body Content is simple. When you click "Add Content to Current Page" in Direct Edit, or "Add Content" through the site structure, just choose "Wrapping Body Content" instead of "Body Content." The input boxes for Wrapping Body Content are identical to the ones you're used to for Body Content, and can be used in the same manner. Feel free to include images, lists, line breaks, paragraphs, indention, etc. as needed on your page.
To get your Wrapping Body Content to wrap around a "floating item" like a slideshow, feature image, or video, follow these steps:
So long as the items are placed in this order, the Wrapping Body Content will see the floating item and then wrap neatly around it.