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In this video tutorial, Kevin demonstrates how to create drop-down lists in Microsoft Excel, noting that he works at Microsoft and is required to disclose this. He explains the utility of drop-down lists, particularly for situations where users need to select from specific values in a spreadsheet, ensuring data consistency. Kevin assures that the process is easy and will provide a step-by-step guide. He begins by opening Microsoft Excel, specifically the Office 365 version, and prepares to walk viewers through the setup of drop-down lists.