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In Excel Magic Trick number 1066, the focus is on using pivot tables for month-over-month sales calculations, simplifying the process compared to using the SUMIFS function discussed in the previous video. The tutorial starts with a transactional dataset containing dates and sales. The presenter demonstrates how to create a pivot table by selecting a cell within the dataset, navigating to the "Insert" tab, and choosing "Pivot Table." After placing the pivot table on a new sheet, the presenter shows how to drag the date field to the rows area and group the data by month and year for effective analysis. This method allows for easier updates as data changes, unlike traditional formulas.