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In this Excel tutorial, the presenter demonstrates how to hide formulas in a worksheet to prevent others from viewing them. First, the entire worksheet is selected, and the Lock option is unchecked in the Protection tab under Format Cells. Next, the user selects all cells containing formulas by navigating to the Home tab, choosing Find and Select, and then clicking on Go To Special followed by Formulas. Once all formula cells are selected, the tutorial guides the user to format these cells again under the Home tab via Format Cells to hide the formulas. This process ensures that clicking on a formula cell displays no visible formula.