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The video tutorial is about Conditional Formatting in Excel, demonstrating how to use formulas in Conditional Formatting and how to conditionally format a range based on the value of another cell. The example provided shows how to highlight rows in Excel based on a sales value in that row. By adjusting the formatting based on a condition, Conditional Formatting is necessary. The tutorial explains how to highlight values or rows based on specific conditions, making the process engaging and informative.