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In this Excel tutorial, the presenter demonstrates how to add and remove strikethrough formatting in Microsoft Excel. The process begins by selecting the desired cells, then clicking on the arrow button to open the format cells dialog box. Under the 'Effects' section, the strikethrough option can be checked to apply the formatting. After clicking OK, the selected cells display the strikethrough effect. To remove the strikethrough, the presenter shows how to uncheck the option in the same dialog box and click OK again to revert to normal formatting. The tutorial ends with a reminder to subscribe and a mention of an Excel VBA playlist for further learning.