The Link Manger Module allows for quickly adding to a list of links. It ships with a couple of views:

• Default - shows the descriptions provided for the link. The link manger module, below this text module, uses the Default view.
• Quick Links - shows only the links. This view is excellent for a side column of a site. This default content uses this view in the right sidebar in the "Links" section.

When you add a module to your site you configure the view it will use, from the available views, which will display in a dropdown. Every module has at least a Default view. You can also easily add your own views for your site.