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In this tutorial, Justin Conway, a Microsoft Excel expert, demonstrates how to remove a drop-down box in Excel while preserving the selected value. To do this, he accesses the data validation settings for the desired cell, changing the setting from "list" to "any value." This action keeps the value (e.g., "apples") in the cell but removes the drop-down option. For multiple cells with drop-downs, the same process can be applied. Additionally, options to remove all data can be executed by right-clicking or using keyboard shortcuts for MacBook users.