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In this video tutorial, the presenter explains how to delete a text box in an Excel worksheet. To remove a text box, users should ensure they only select the border of the text box without clicking inside it. Once selected, simply press the Delete key on the keyboard. The presenter emphasizes that clicking elsewhere and then pressing Delete will not work. Alternatively, users can double-click the border of the text box to select it and then press Delete. The video concludes with a hopeful message that viewers found the tutorial helpful.