Hi Itai, first you want to add a new field to the form by clicking the giant plus sign in the corner. Then, specify which field you want to update.
This is how you do it:
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Click on your new field to open up the field Properties.
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Fill out 'Label'.
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Find 'Field Type'. If your field type in Marketo is Select, it should automatically show up as "Select". Otherwise, change 'Field Type' to Select.
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Find the 'Values' field below. You should see # of values next to the Edit option. If you want to review them, click Edit
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From here, you can:
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Select a default value
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Add new values
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Customize the Display Value vs. the Stored Value
Hope this helps!