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The video tutorial covers the extraction of text from Microsoft Word documents using Python. The first step is to install a library called python-docx using pip as the package manager. This functionality can then be imported into a Python Jupyter notebook using "from docx import document". Before opening a file, the user can view the contents of their file system using the shell escape feature with the exclamation point. The LS command can be used to see the folder structure, and in this case, the user wants to look in the "essays" folder for Word documents.
