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If you frequently respond to similar emails in Outlook, you can save time by creating reply templates. This allows you to use predefined text blocks instead of writing responses from scratch. There are two methods for creating saved reply templates: the free My Templates add-in and the Quick Parts feature. My Templates is particularly useful as it stores templates within your mailbox, making them accessible from any computer or Outlook on the web. The video also includes a mention of Skillshare, the sponsor, with more details provided later.