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In this YouTube tutorial, William, also known as Dr. Excel, demonstrates how to set up automatic notifications in Excel when a deadline has passed. He provides all the necessary formulas and code for this task and offers a download link for the final file. The goal is to receive a reminder when the closest deadline is approaching. By writing code in the VBA editor of the workbook, a message will be displayed each time the file is opened, notifying users of the deadline status.