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In this tutorial, Kevin, a Microsoft employee, demonstrates how to create drop-down lists in Microsoft Excel. He explains the purpose of drop-down lists, which is to limit user input to specific values in a spreadsheet, thereby ensuring accuracy and consistency when others are filling out the data. Kevin assures viewers that setting up a drop-down list is simple and will walk them through the process step by step. He is using the latest version of Excel from Office 365 for this demonstration.