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In this video tutorial by Trump Excel, the host demonstrates how to insert and use radio buttons (option buttons) in Excel. To access the radio button feature, users must first enable the Developer tab by right-clicking any ribbon option, selecting "Customize the Ribbon," and ensuring the Developer option is checked. Once the Developer tab is visible, users can click on it, locate the "Insert" option within the controls, and select the option button. By clicking on the worksheet, a radio button labeled "Option Button 1" is inserted. The tutorial will guide viewers on further customization and usage of these buttons in their Excel projects.