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In this video, Phil demonstrates how to extract uppercase, lowercase, and mixed-case letters, as well as numbers, from text strings. He also shows a method to remove a variety of characters from strings. Using the text.remove and text.select functions in Power Query, this can be done in Excel or Power BI by copying and pasting the query code. Starting with a table of random text strings in Excel, the process involves renaming the query, adding a custom column for lowercase letters, and specifying the characters to extract. This is a practical and easy way to clean up text strings efficiently.