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The video tutorial demonstrates how to use custom symbols and color coding to highlight tasks overdue in a project. By combining symbols and conditional formatting, tasks can be categorized as completed, behind schedule, or upcoming. The tutorial includes a project time plan with tasks, start date, working days, and end date calculated using the workday function. The goal is to add symbols and conditional formatting to indicate task status based on the current date, making it easy to identify overdue tasks and those that still need to be completed. The tutorial also shows how to have Excel automatically input the current date when the workbook is opened.