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The video tutorial by Linda Tracy from My Online Training Hub demonstrates how to recreate a chart in Excel with text labels on the vertical axis. She explains that Excel does not have a native feature for this, but by combining a regular bar chart (with vertical text labels) and a regular line chart (with horizontal text labels) with dummy data, this effect can be achieved. The tutorial guides viewers on how to create a line chart and manipulate the data to remove the year as a series to achieve the desired result.