When you select a photo and a text box side by side, the text will not only appear next to the photo but the text will wrap around the photo!
This will look very much like an inserted photo in an article.
Select the photo (one click in Google Chrome, double click in IE) and minimize it, and select a text box and minimize that. The two will appear side by side as in the picture below.
The final view however will be the text wrapped around the picture, or next to the picture.
For any further comments or questions on this feature, please comment below 🙂