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Matthew Pearce, a software engineer, shares how to create drop-down lists with multiple options in Excel. He demonstrates two ways: one on the same page and another using a list on a separate page. Using an ice cream example of single, double, and triple scoops in strawberry, vanilla, and chocolate flavors, he shows how to set up the drop-down list using data validation in Excel. Select the cell, go to data validation, and set the options to create the pull-down list.