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In this Excel tips video, the presenter, Mad Mansell, demonstrates how to quickly find and select cells with bold font formatting in a data set. Instead of manually selecting cells, he shows a quick method using the Find and Replace dialog box. By holding the ctrl key and pressing F, users can specify that they want to find a specific format, such as bold font. By selecting a cell with the desired formatting and choosing the option to find all cells with similar formatting, users can efficiently identify cells with bold font in a large data set.