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This video covers advanced text design in Microsoft Word. To apply a design, first highlight the text to change. Advanced text effects include options like shadowing and reflecting. When clicking on the advanced text effects button, preview options like shadow color and transparency are available. Editing options for effects can be accessed through the options button. In this video, shadow design is demonstrated by choosing a shadow from the dropdown and adjusting its color and transparency for better visibility. Apply this procedure to other effects as well.