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In this Excel tips video, the presenter illustrates how to quickly remove formulas while retaining data. Using a dataset containing revenue, expenses, and net income (calculated by subtracting expenses from revenue), the method begins by selecting the entire dataset and copying it. The user then right-clicks, choosing "Paste Special," and selects the "Values" option. Upon clicking OK, only the values are pasted, eliminating the formulas. This results in the formula bar displaying only the values, confirming that the formulas have been removed. The presenter indicates that this process is straightforward and effective for maintaining data integrity without formulas.