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The tutorial demonstrates how to use hyperlinks in Excel to easily navigate within a file, especially for larger files. It also shows how to create a back button to return to the starter index sheet from any tab. Additionally, it explains how to create friendly hyperlinks using formulas and how to change the hyperlink color. Simply typing in a link in an Excel cell will automatically create a clickable hyperlink. You can also edit the hyperlink to display a friendly name or add a screen tip.