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The "Clear All Formatting" command in Word allows you to remove text formatting, such as font size and color, restoring it to the default style. For instance, if you've downloaded a memo template and dislike the text formatting, you can select the affected text and click the "Clear All Formatting" button from the Home tab. This action resets the text to its default style, enabling you to apply your preferred formatting easily. After using this command, you can change the font and size as desired. Remember to utilize the "Clear All Formatting" command next time you want to simplify text formatting.