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The video tutorial by Linda Tracy from My Online Training Hub demonstrates how to use Excel to recreate a chart with text labels on the vertical axis. She explains that there is no native chart option for this feature, but by combining a bar chart's vertical axis with a line chart's horizontal axis using dummy data, the desired effect can be achieved. The process involves creating a line chart, selecting and adjusting the data, and removing the year as a series. This unconventional method allows for customized chart creation in Excel.