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In this video tutorial, the presenter demonstrates how to create an interactive drop-down list in Microsoft Excel that automatically populates text in other areas of the form. The method involves using a simple VLOOKUP formula. The example provided involves creating an invoice connected to a vendor contact list, allowing the user to pull in the vendor's mailing address and contact information. By selecting a vendor from the drop-down list, the corresponding information will be filled in automatically on the invoice. The final step involves printing the invoice as a PDF to send to the vendor. The process is explained step-by-step in a straightforward manner.