Files with the .wp5 extension can be opened using the WordPerfect application, particularly version 5 and later. The WordPerfect 5 application can be used to create and edit or modify the content of these WP5 files. The content of these WP5 files, as these are text documents, consist of data that may have text and layout formatting elements in case the creators of those WP5 documents implemented the formatting features available in the WordPerfect 5 program. Corel developed the WordPerfect 5 application as an upgrade to earlier versions of this word processing application, and this version as well as older ones were intended for the Microsoft DOS (Disk Operating System) environment. The WordPerfect 5 software provided the feature of inserting and formatting tables into the content of WP5 files, something that was unavailable in earlier versions of this word processing program from Corel. As of this writing, users can install Corel WordPerfect Office X6 to create, open/view and modify the content stored in documents saved in the .wp5 format.

A WordPerfect 5 file is a document created using version 5 of the WordPerfect application, an early word processing and document presentation development program. This version of the WordPerfect software is implemented with support for more text formatting elements than older versions of the application. Integrated support for visual elements and layout attributes are also available in the WordPerfect 5 program, which means tables and charts that can visually present data in organized ways can be added to the content of a WordPerfect 5 file. The data stored in a WordPerfect 5 file is implemented with text and binary data formatting specifications that are used to store content in the WP5 file format. Affixed with the .wp5 extension, blocks of text and digital objects like graphs and charts can be added by a WordPerfect 5 user to a WordPerfect 5 document presentation project.

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