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In this Excel 10 tutorial, the presenter demonstrates how to add and remove strikethrough formatting in Microsoft Excel. To add a strikethrough, select the desired cells, click the arrow button, and open the Format Cells dialog box. In the Effects section, check the strikethrough option and click OK. To remove the strikethrough, repeat the process: click the arrow, uncheck the strikethrough option, and click OK to revert the cells to normal. The presenter encourages viewers to subscribe and mentions a playlist for learning Excel VBA.