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In this video tutorial, the presenter explains autofill lists in Excel, which allow users to automatically fill cells by typing entry keywords and dragging to complete a sequence. The video covers how to create a new autofill list for reuse in various worksheets and how to edit custom autofill lists. An example is provided using the month of January, demonstrating how to initiate autofill by typing the word and dragging the cursor over to see a preview of the subsequent months. The tutorial aims to enhance productivity by utilizing this feature effectively.