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To extract the last name from a list of names using the text after function, start by entering the formula in the formula bar: `=TEXTAFTER(cell, " ", -1)`. The first argument is the cell containing the name, and the second argument specifies the delimiter, which is a space (" "). The "-1" indicates that you want to retrieve the last occurrence after the specified delimiter. Finally, copy the formula down to apply it to the other cells in the column.