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In this video, Phil demonstrates how to clean up text strings by extracting specific characters—both uppercase and lowercase letters, as well as numbers. He showcases using the `text.remove` and `text.select` functions in Power Query for these extractions. Although the demonstration is in Excel, the same code can be applied in Power BI. He begins with a table containing random text strings and enters Power Query by selecting the table data. Phil renames the query to "text_select" and illustrates how to create a custom column for lowercase letters using the `text.select` function while specifying the desired characters to extract.