Right Click on a product. Scroll down to Catalog, click Delete Product. Delete Product dialog box will then appear asking "Are you sure you want to delete product 'Insert Product Name'"?
Complete or Cancel Select OK to Delete Product. Select Cancel to abort operation.

Other Handy Information

Add Form Application to web page within site
Add Fields to Form
Move Fields within Form
Edit an existing Field within a Form
Field Properties
Delete A Field
Form Properties (Settings)
Secure Base URL
Form Messages
Remove Form Application from web page within site
Form Validation
Application Validation
Advanced Styles for Forms