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In this video tutorial, the presenter demonstrates how to combine text and dates by using the CONCATENATE function in Excel. The example given involves updating comments with the check-in date and checkout date alongside guest names. The process involves using double quotes to add text such as "check-in date" and "checkout date" with spaces in between, then selecting the respective dates to be included in the final concatenated text. The CONCATENATE function is shown as the easy way to achieve this.