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In this video, Jake Lett demonstrates how to create a custom HubSpot quote featuring a rich text field for the description. This allows for enhanced formatting options like adding bullet points and links. While working on a quote, Jake encounters limitations with the current formatting of the description text, specifically in aligning text below bullet points. To achieve a better layout and add links, he emphasizes the importance of creating a new description property that supports rich text instead of just multi-line text. He guides viewers to start this process by navigating to site settings.