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In this video tutorial by Femi, viewers learn two methods for inserting a circle around any character. The first method involves using the 'Insert' button, clicking on 'Symbols', then selecting 'More Symbols'. From there, users need to search for 'Enclosed Alphanumerics', where they can find various characters enclosed by circles. After selecting a character, clicking 'Insert' will add it to the document. Femi demonstrates this process by inserting several characters with circles. The second method allows users to create their own circles around characters, but the video primarily focuses on the symbol insertion technique.