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In this Excel tutorial, the host Kevin Kelly demonstrates how to copy and paste conditional formatting without copying the cell values. Instead of using traditional copy and paste shortcuts, he suggests using the paintbrush approach to copy the format of one cell and apply it to a group of other cells. By using conditional formatting rules to set criteria for the formatting, such as filling cells with a red color if they contain values between 5 and 10, users can easily customize the appearance of their Excel sheets.