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In this Excel tutorial, the presenter demonstrates how to add and remove strikethrough formatting in Microsoft Excel. To add strikethrough, select the desired cells, click the arrow button to open the Format Cells dialog box, check the strikethrough option under Effects, and then click OK. To remove the strikethrough, click the arrow again, uncheck the strikethrough option, and click OK. The tutorial emphasizes the simplicity of this feature, encourages viewers to subscribe, and mentions a related playlist for learning Excel VBA.