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In this video tutorial, the presenter demonstrates how to convert a month written as text in a cell into its three-character abbreviation. The example starts with "January," which needs to change to "APR" if switched to "April." To achieve this, the LEFT function is used, which takes text and extracts a specified number of characters from the left. In this case, the formula is set to always return the first three characters. The tutorial emphasizes that the LEFT function can effectively handle text input to consistently produce the desired abbreviation.