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In this video tutorial, the YouTuber demonstrates how to compile and decompile Python scripts without converting them into executable files. This process involves turning readable Python scripts into compiled binary pyc files and vice versa. It is important to note that this method does not make the code unreadable or secret, but rather provides an easy way to convert binary files back into readable code. The tutorial includes creating a basic Python script, such as adding two numbers, and showcasing the process of compiling and decompiling the code.