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The video tutorial demonstrates how to use the undo and redo buttons in Excel's quick access toolbar. Instead of pressing ctrl Z or ctrl Y multiple times, users can easily undo or redo multiple actions with a single click. By clicking on the undo button in the toolbar, a list of the last five actions performed is displayed, allowing users to select and undo multiple actions at once. The redo button also appears, allowing users to redo the undone actions. This feature streamlines the process of undoing and redoing actions in Excel.