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In this quick tip video on Excel, the tutorial explains how to use autofill for streams of data, particularly in a payment schedule. It showcases a scenario where a user can enter an additional payment of $100 per month. Instead of manually entering this amount in each subsequent cell, the video highlights two methods for efficient autofilling. The first method involves clicking on the small black box in the bottom right corner of the cell containing the initial amount. By using this feature, users can quickly modify and extend data entries without needing to input each one individually, thus saving time and streamlining the process.