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In this video, part of a new Excel tutorial series, the creator demonstrates how to rearrange names formatted as "first name last name" into "last name, first name" for easier sorting. To achieve this, viewers are instructed to highlight the names, navigate to the Data tab, and select "Text to Columns." Excel will recognize the space between first and last names as a delimiter by default. The tutorial aims to simplify the process of sorting names by last name, making it more manageable. The creator encourages viewers to subscribe for more Excel tips and tricks.