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This video tutorial explains how to insert fields into Word documents, similar to formulas in Excel. Fields can be used for actions like inserting dates. To insert a field, go to the Insert menu, select Text options, then Quick Parts, and click on Field. A menu of options will appear, with many fields available, including the commonly used date field. After selecting a date format based on your installed languages, the date appears fixed but will change daily. This tutorial highlights the functionality and flexibility of using fields in Word documents.