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In this clip, the presenter discusses simple tricks to reduce the size of an Excel file. This includes removing conditional formatting, performing paste special values on unnecessary formulas, clearing formatting like borders, cell colors, and text styles, as well as unhiding hidden columns, rows, and sheets. By following these actions, you can reduce the size of your Excel file. The presenter demonstrates this by creating an Excel file, inputting row data, copying cells, pasting them on an entire column, and saving the file. The size of the file is initially 5.42 mb. To further reduce the size, the presenter changes the file format to Excel binary workbook, resulting in a smaller file size.