Drop Down List for Status

This is a feature request to have a macro where a user can go edit in order to update a status from Work, from a drop down and then place a description next to that status.

For example, when a work request has been submitted by a customer, the status is, EDS1. When it goes into tech review, it is changed to REVW. wen it goes into construction, it goes into WORK. All modified by the user.