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In this YouTube tutorial, the speaker explains how to create an ICO file. The process is simple, involving converting an image to ICO format or saving directly as an ICO file. The tutorial focuses on the steps involved, such as opening the image, saving it as a 24-bit bitmap with the .ICO extension. The original file is retained after conversion. The speaker acknowledges potentially using the term "convert" incorrectly and advises not to quote them on it. The process is similar to creating other file types, like .bat files.
