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In this video tutorial, the demonstrator shows how to reduce the size of a PDF file without compromising its quality. The original file size is 4.1 MB, and they recommend using the recommended compression option for files containing images, or the extreme compression option for text-only files. The process involves selecting the compression level, compressing the PDF file, and then downloading the smaller compressed version. By following these steps, the file size can be reduced by 76%, from 4.12 MB to a smaller size.