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In this video, Phil demonstrates how to extract letters- whether uppercase, lowercase, or a mixture of both- and numbers from text strings. He also shows a method to remove a wide range of characters. Phil uses the text.remove and text.select functions in Power Query to achieve this. The process can be implemented in Excel or Power BI by copying and pasting the query code. By following the steps outlined in the tutorial, you can easily extract characters from text strings in Excel.