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In this Excel tutorial, the presenter demonstrates how to add and remove strikethrough formatting in Microsoft Excel. The process is straightforward: first, select the desired cells, then click the arrow button to open the Format Cells dialog box. In the Effects section, check the strikethrough option and click OK to apply it. To remove the strikethrough, repeat the steps, unchecking the strikethrough option, and click OK again. The tutorial emphasizes the ease of this function, encourages viewers to subscribe, and mentions a playlist for learning Microsoft Excel VBA.