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In this video, the tutorial covers dynamic chart labeling using conditional formulae. It demonstrates how to create dynamic labels for charts or graphs that adjust based on the data, such as displaying "1M" instead of long numbers over a million. The tutorial shows a custom format hack to automatically generate dynamic labels as the data changes. Additionally, a bonus tip is included towards the end. The demonstration includes a table and chart with a random number generator generating values between 100,000 and 1.1 million, showcasing the dynamic labeling in action.