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In this Excel tutorial, the presenter demonstrates how to quickly remove formulas while retaining the data. Using a dataset that includes revenue, expenses, and net income calculations, the process begins by selecting the entire dataset and copying it. Then, after right-clicking and choosing "Paste Special," the "Values" option is selected in the dialog box. This action pastes only the values into the cells, eliminating the formulas. Once completed, the formula bar displays only the values, confirming that the formulas have been successfully removed. The video aims to simplify the process of keeping data intact while discarding formulas.