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In this video tutorial by Trump Excel, the host demonstrates how to insert and use radio buttons in Excel. To begin, users need to enable the Developer tab by right-clicking on any ribbon option, choosing "Customize the Ribbon," and ensuring the Developer option is checked. Once activated, users can go to the Developer tab, select "Insert" under "Controls," and choose the "Option Button" (also known as a radio button). After selecting the Option Button, users can click anywhere on the worksheet to insert it, creating a selectable circle labeled "Option Button 1."