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In this Excel 10 tutorial, the instructor demonstrates how to add and remove strikethrough formatting in Microsoft Excel. To apply strikethrough, select the desired cells and click the arrow button to open the "Format Cells" dialog box. In the "Effects" section, check the strikethrough option, click OK, and the selected cells will display the formatting. To remove the strikethrough, repeat the process, unchecking the strikethrough option and clicking OK to return the cells to normal. The tutorial encourages viewers to subscribe and check out a playlist for learning Excel VBA.