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In this video tutorial, the presenter explains how to apply number formatting to form fields to ensure users enter specific data formats, such as phone numbers or dates. This method helps enforce compliance with formatting requirements when filling out forms. The video also encourages viewers to check out the playlist for creating fillable forms and mentions the availability of templates for purchase, with a link provided in the description. The tutorial focuses on editing an already created and locked protected form using legacy tool form fields to apply the desired formatting.