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To create a hanging indent in PowerPoint, start by selecting the text you want to modify. Then, go to the Home menu and click on the arrow next to the Paragraph section. Adjust the indentation before text to 0.5 and select "hanging" under the Special section. Double space the text by selecting the icon at the top. It may be helpful to type all reference entries without the hanging indent first and then set it after typing them all. Avoid hitting enter until the end of an entry to ensure the hanging indent works properly.