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The video tutorial explains how to create a form for submissions and approvals using Office 365 and Excel. First, users need to create a blank Excel workbook and give it a name. Afterward, they should go to the "Insert" tab to create a form, which could be a survey with multiple-choice questions. The tutorial demonstrates how to add questions about vegetables, allowing for a variety of responses. Once the form is set up, the next step involves integrating it with Power Automate. If Power Automate is not visible, users are instructed to look under "All Apps" to find it. This process enables streamlined data collection and approval processes within Office 365.