New custom field drop down options not showing up

New custom field drop down options not showing up

I have created a new input field called Industry that has many drop down options.  I forgot one option that I want to include and went back and added it under customization, however, when I create a new contact the new option is not there to be selected.  How do I get it to show up and be select-able?  Thank you in advance!

Zohonoob