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In this video, the content creator shares how to reduce the size of a PNG file. They begin by mentioning the current size of their file, which is 607.3 Kb. To achieve this reduction, they visit websites such as WWF Top Speed and Compressed In. The first site, Gift of Speed, reduces the file size from 607.20 Kb to 53.8 Kb, saving a substantial amount. The next site, Compressed Viacom, reduces the file to 20 Kb, which is slightly less than the previous site. Another site, Eng Compress PNG, reduces the file from 67 Kb to 20 Kb. So far, Gift of Speed seems to be the most effective option for file compression.