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This video tutorial explains how to insert fields into Word documents, similar to using formulas in Excel. Fields are useful for inserting dates and other dynamic content. To insert a field, go to the Insert menu, select Text options, and then choose Quick Parts, where you can find the Field option. Clicking on Field opens a menu with various options, including commonly used fields like the date. Once you choose a format for the date, it appears in the document. Notably, hovering over the inserted date shows that it will automatically update daily, indicating it's a dynamic field.