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In this Excel tips video, the presenter demonstrates how to quickly remove formulas from Excel while retaining the data. Using a dataset with revenue, expense, and net income values (calculated by subtracting expenses from revenue), the presenter explains the process. To remove the formulas, the entire dataset is selected and copied. The user then right-clicks and selects "Paste Special," choosing the "Values" option in the dialog box. After clicking OK, the values are pasted without the formulas, confirming that the formula bar now displays only the values. The tutorial emphasizes the simplicity of this method for preserving data.