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The tutorial explains how to create drop-down lists in Microsoft Excel, with the speaker, Kevin, who discloses that he works at Microsoft. Drop-down lists are useful for restricting input options in a spreadsheet, ensuring that users select specific values. Kevin demonstrates how to set up a drop-down list in a step-by-step manner on Excel, emphasizing its ease of use. This feature has been present in Excel for a long time, and the tutorial is based on the latest version included in Office 365.