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In this video, Anson demonstrates how to convert text in a PDF to actual text format with formatting, such as bold, italic, and font styles, on a Mac computer running OS 10. He explains how to use the built-in application on Mac called Automator to create an app that extracts text from a PDF document, allowing it to be pasted into word processing programs like Microsoft Word or Pages. Anson notes that this method does not extract images from PDF files, requiring a different application for that purpose. Additionally, he briefly mentions a free online program for fully converting PDFs, including text and images.