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In this Excel tutorial video, the presenter explains how to quickly remove formulas while retaining the data. The example includes a dataset with companies' revenue, expenses, and net income—calculated by subtracting expenses from revenue. To keep only the values, the user selects the entire data set, copies it, and then right-clicks to choose "Paste Special." In the dialog box, selecting the "Values" option allows the user to paste the values alone, thereby eliminating the formulas. Once this is done, the formula bar will only display the values, confirming that the formulas have been removed.