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The video demonstrates how to manipulate and rejoin values in Excel using multiple functions within a single formula. It starts with sample data in column B containing text values with numbers at the end. To increment these numbers using values in column C, the process involves extracting the number, performing the math operation, and recombining the values. By using the right function to extract the number, followed by adding the value from column C, the correct result is achieved. However, padding with zeros is lost in the process.
