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In this video, Mindy Tracy discusses how to insert a pivot table calculated item, highlighting their use as siblings of calculated fields. She shares insights to differentiate between calculated fields and calculated items, which she previously found challenging. The video includes practical examples using sales data, organized by region, type (renewal or initial), and month. Mindy also mentions that viewers can download the workbook and access step-by-step written instructions via her blog. The tutorial aims to provide clarity on pivot tables and facilitate better understanding of data analysis in Excel.