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In this Excel 10 tutorial, the presenter shows how to add and remove strikethrough text in Microsoft Excel. The process is straightforward; first, select the desired cells, then click on the arrow button to open the Format Cells dialog box. In the Effects section, check the strikethrough option and click OK to apply it. To remove strikethrough, reopen the dialog, uncheck the strikethrough option, and click OK to revert the cells to normal. The tutorial encourages viewers to subscribe and mentions a separate playlist for learning Excel VBA.