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In this Excel tutorial, the instructor demonstrates how to add and remove strikethrough formatting for cells in Microsoft Excel. The process involves selecting the desired cells, accessing the format cells dialog via an arrow button, and checking the strikethrough option under the effects section. After confirming with 'OK', the selected cells will display the strikethrough effect. To remove it, the user simply revisits the dialog, unchecks the strikethrough option, and clicks 'OK' again. The tutorial emphasizes the simplicity of the function while encouraging viewers to subscribe for more content and check out a playlist on Excel VBA.