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In this video tutorial, the presenter shares a simple trick to reduce the size of an Excel file. They suggest ordinary actions like removing conditional formatting, pasting special values on unnecessary formulas, clearing formatting, unhiding hidden columns, rows, and sheets, and then deleting them. These actions may help reduce the file size. The presenter demonstrates creating an Excel file, inputting row data, copying cells, pasting on entire columns, and saving the file. The original file size is shown to be 5.42 MB. To further reduce the size, they recommend changing the file format from Excel workbook to Excel binary workbook.