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In this Excel tips video tutorial, the presenter, Mad Mansell, demonstrates how to quickly find and select cells with bold font formatting in a data set. He explains that manually selecting cells with bold formatting can be time-consuming, especially in a large data set. To address this issue, he shows how to use the Find and Replace dialog box by holding the Ctrl key and pressing F. By specifying the format to find and selecting a cell with the desired formatting, users can easily locate and select cells with bold font in an efficient manner.