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In this video tutorial by Gary from MacMost.com, he demonstrates various methods for compressing PDF files on a Mac. By opening the PDF in Preview and using a special export feature, you can compress the images within the document, though the settings may not be ideal and require multiple steps. Gary also shows how to create an Automator workflow to quickly compress PDFs and customize the compression. He uses a sample PDF of an electric bill on his desktop, scanned in from his iPhone with a file size of 6.8 MB, which he aims to reduce.