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In this video tutorial, the presenter demonstrates how to use the sign option in the fill and sign tool on DocHub. Users can add signatures and initials by clicking the sign tool and have the option to save them for future use. There are three methods to add a signature: typing the name and selecting a preferred font style, drawing a signature, or uploading an image of a signature. After adding a signature, it can be dragged and dropped onto the document, resized, and the font color can be changed. The tutorial emphasizes the flexibility of adding and customizing signatures as needed.