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In this video tutorial, the host, Mr. Fixit, demonstrates how to set up a new hard drive using Windows disk management tools. He explains how to change and reassign drive letters, customize labels, and identify volume contents. This process works with Windows XP, Vista, and 7, and is necessary for internal drives, while USB drives are usually plug-and-play. Follow his step-by-step guide to get your new hard drive up and running quickly.