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In this video tutorial, the narrator explains how to reduce Excel file size by more than 50% without using a macro. They mention that while macros can be used for this purpose, they will be demonstrating a different and unique method. The narrator shows an example where the file size is 8.25 MB with 37,937 line items, and then explains the process of saving it in a smaller file size by selecting "Excel binary workbook" in the save as type option. They highlight the importance of this method and encourage viewers to try it out for themselves.