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In this Excel tutorial, the instructor demonstrates how to add and remove strikethrough formatting in Microsoft Excel. The process begins by selecting the desired cells, then clicking on the arrow button to open the Format Cells dialog box. Under the "Effects" section, the strikethrough option can be checked. After applying, the selected cells will display strikethrough formatting. To remove it, the same steps are followed: clicking the arrow, unchecking the strikethrough option, and confirming by clicking OK. The tutorial concludes with a reminder to subscribe and an invitation to view a playlist on Excel VBA.