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In this video tutorial by Mr. Malla GTE, the process of grouping and ungrouping shapes and objects in Microsoft Word is demonstrated. Shapes such as ovals and arrows are inserted and arranged to create a simple mind map. The shapes are labeled with text such as "accounting," "income statement," "balance sheet," and "cash flow." The tutorial guides viewers through the steps of inserting, grouping, and arranging shapes to create a cohesive visual representation.