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In this Excel tips video, the instructor demonstrates how to quickly find and select cells with bold font formatting. Instead of manually searching for cells with bold formatting, the instructor shows a quick way to do this by using the Find and Replace dialog box. By selecting the data set, pressing ctrl + F, and specifying the format to find, users can easily locate cells with bold font formatting even in a large data set. This method saves time and makes it convenient to work with formatted cells in Excel.