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In this AutoCAD basic tutorial, Indira demonstrates how to edit text by creating a symbol text using default settings. By setting names into Mufasa, you can customize the text style by changing settings in the textile dialog box. Creating new styles, like DNR and Times New Roman Bold, allows for customization of fonts and effects such as upside-down or backwards text. Additionally, font styles can be adjusted for emphasis. Applying changes can be done by clicking apply and closing with the AC button.