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This video tutorial demonstrates how to use conditional formatting in Microsoft Access to format fields in forms or reports based on a different field's value. The tutorial shows how to change the appearance of fields, such as making them red, if a specific condition is met, such as if the credit limit is over a thousand dollars. By accessing the conditional formatting option in design view, users can customize the appearance of fields based on the values in other fields, allowing for a more dynamic and visually appealing form or report design.