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In this tutorial, you will learn how to create an interactive drop-down list in Microsoft Excel that automatically populates text in other areas of your form. The process involves using a VLOOKUP formula linked to a vendor contact list for an invoice. The tutorial demonstrates how to set up a drop-down list for selecting a vendor, which triggers the automatic filling of that vendor's contact information and mailing address on the invoice. Once completed, you can print the invoice to PDF for easy sharing with the vendor. The video provides a step-by-step guide to setting up this functionality.