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In this video tutorial, Noah from the training and marketing department introduces a new feature called item page price text. This feature allows users to add descriptive text about pricing on item pages based on the time frame of customer orders. Noah demonstrates how to access the feature by navigating to the admin panel, selecting products, and going into schedule profiles. He uses his main schedule profile for training purposes, scrolling down to the item page price text field to input descriptions of pricing time frames. He also explains how to incorporate merge fields, which start with a bracket followed by the word "price."