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In this video tutorial, the speaker discussed print formats and custom print formats, which help in printing documents using a printer or in PDF format. By creating a custom print format, users can generate a page layout that resembles the appearance of the document on a doctype, with options to export it as a PDF. The tutorial also mentioned using Jinja, a built-in feature for writing Python code directly in HTML, to declare custom print formats. Understanding print format functionality is crucial before creating custom print formats.