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In this video tutorial, M G demonstrates how to insert a checkbox in Microsoft Excel. To begin, open your Excel sheet and enable the Developer tab by right-clicking any part of the ribbon, selecting 'Customize the Ribbon', and checking the Developer option. Once visible, click on the Developer tab, select 'Insert', and choose the checkbox icon to draw a checkbox on your sheet. To remove the default text, right-click the checkbox, select 'Edit Text', and delete the existing text. The checkbox can now be clicked to check or uncheck it.