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In this Excel tips tutorial, the speaker demonstrates how to quickly find and select cells with bold font formatting. By using the Find and Replace function in Excel, users can easily locate cells with specific formatting in a large dataset. This method saves time compared to manually searching for cells with bold font. Simply select the data set, hold the ctrl key, and press F to open the Find and Replace dialog box. By choosing the desired formatting options, users can efficiently identify cells with bold font in their spreadsheet.