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The video tutorial explains how to use Microsoft Forms to collect data easily through customizable fillable forms, which can be managed via Excel for analysis and sharing with your audience. Viewers will learn to create forms incorporating various input types such as drop-downs, multiple choice, calendar selections, number checks, and star ratings without needing programming skills or add-ons, just a Microsoft 365 account. The video is sponsored by Grid, which allows users to transform spreadsheets into interactive web documents for secure online sharing. More information about Grid will be provided towards the end of the video.