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Yuri Osoto is demonstrating in this video how to create custom checkout fields on an e-commerce website using the Caden theme. The tutorial includes adding fields like first name, last name, email, and a custom field, as well as removing unwanted fields from the checkout page. Yuri also mentions a previous video on creating a visually appealing checkout using the Caden theme and encourages viewers to check it out. Additionally, there is a video on creating a website like the one shown in the tutorial available on Yuri's channel, with a reminder to ask if the link is not provided in the description.