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In this Excel tips video, the presenter demonstrates how to quickly find and select cells with bold font formatting. They explain that manually selecting cells with bold formatting in a large data set is not practical, so they show a shortcut using the Find and Replace dialog box. By holding the ctrl key and pressing F, users can search for specific formatting rather than text, saving time and effort. By selecting a cell with the desired formatting, users can easily locate and select all cells with similar bold font formatting in the spreadsheet.