Syncing bookmarks to the server requires that you have a free YouVersion account. Here are the instructions for signing up on Palm webOS.
1) Reader: Tap the verse(s) you want to bookmark.
2) Bottom of screen: Tap the “plus” button.
3) Popup menu: Tap Create.
4) Popup menu: Tap Bookmark.
Note: You can save multiple verses at the same time. Each verse displays as an individual bookmark in the Bookmark tab on the home screen.