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In this video tutorial, the presenter explains what an autofill list is in Excel and how to create and edit one. An autofill list, also known as an autocomplete list, allows users to automatically populate cells in spreadsheets by typing a word from the list and dragging the fill handle. For example, typing "January" enables the user to drag the fill handle (the small square at the cell's bottom right) to display and fill in the remaining months of the year, continuing until December. The tutorial will cover the process of creating a reusable autofill list across different worksheets as well as how to modify it.