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The video tutorial from PDF.co introduces the document parser, a tool designed to extract specific text, like invoice numbers, from numerous documents efficiently. Users can download or export the extracted data in formats such as CSV, XML, or JSON, and even utilize it to populate other documents. The document parser supports various file types, including purchase orders, airline tickets, lab reports, and insurance requests. The tutorial also covers the online template editor, where users can create or edit templates for PDFs or image files. An example of a Google invoice is used to demonstrate the template creation process, which starts by labeling the template and using default English language settings.