EVENT TYPES - need a feature where i can create different event types.

EVENT TYPES - need a feature where i can create different event types.

EVENT TYPES - need a feature where i can create different event types.

i.e.:  DROP DOWN ARROW FOR EVENT TYPE,
and there will be choices such as 
1. lunch meeting
2. conference call
3. conference
4. video conference 

And I want these event types customizable, so that I can personalize the labels for the event types. 

Can you please add this feature??? 

Thank you!