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In this Excel tips video, the presenter demonstrates how to quickly find and select cells with bold font formatting in a dataset. Instead of manually locating bold text, which is impractical for large datasets, the video introduces a faster method. The process begins by selecting the dataset, then holding the Ctrl key and pressing F to open the Find and Replace dialog box. The presenter highlights the importance of clicking on the options button to access more choices. By selecting a specific cell, such as A3, users can search for all cells with similar formatting, streamlining the identification of bold text throughout the dataset.