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In this video tutorial, the key points are: reducing the file size of a Microsoft Word document is important for faster loading times, easier sharing, and optimizing storage space. To compress a Word file, select a picture, go to the Picture Format tab, find the Adjust section, and click on the Compress Pictures icon. Make sure to uncheck "apply only to this picture" and check "delete cropped areas of these pictures" in the compression options. Then select "use Default Resolution" and save the pictures at lower resolutions. Finally, go to File, then More, then Options, and click on Advance to complete the compression process.