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In this Excel tutorial, the presenter demonstrates how to add and remove strikethrough text in Microsoft Excel. To add strikethrough, select the desired cells and click the arrow button to open the Format Cells dialog box. Under the Effects tab, check the strikethrough option and click OK. The selected cells will then display the strikethrough effect. To remove it, click the arrow again, uncheck the strikethrough option, and click OK to revert to the original format. The tutorial emphasizes the simplicity of this function, encourages viewers to subscribe, and mentions a playlist for learning Excel VBA.