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In the MrExcel podcast episode 1827a, Bill Jelen addresses a question from a viewer named Frank about hiding the value displayed in Excel's formula bar. The discussion highlights criticism towards a Microsoft Excel advertisement showcasing a cell selected with an empty formula bar, which has led to confusion and debate within the Excel community, including insights from respected figures like Ed Bott and Woody Leonard. Jelen emphasizes that the screenshot in the ad is misleading and reflects a poorly constructed example. He reiterates his stance on the topic while demonstrating functionality by inserting a new row and entering data, ultimately clarifying misconceptions around the formula bar's display in Excel.