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To extract the last name using the "TEXTAFTER" function in Excel, enter the formula in the formula bar as follows: 1. Use the syntax `=TEXTAFTER(text, delimiter, instance_num)`.2. Select the cell containing the full name for the first argument (`text`).3. For the second argument (`delimiter`), specify the space character (use `"" " ""`).4. For the third argument (`instance_num`), input `-1` to indicate the last name.5. After entering the formula, copy it into the cells below to apply it to the rest of the names. This method allows you to extract the last names efficiently.