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In this Excel tutorial, the presenter demonstrates how to add and remove strikethrough formatting in Microsoft Excel. To apply strikethrough, select the desired cells, click on the arrow button to open the "Format Cells" dialog box, and check the strikethrough option under the "Effects" section before clicking OK. The selected cells will then display strikethrough formatting. To remove it, repeat the process, unchecking the strikethrough option and clicking OK. The tutorial is brief and emphasizes the ease of using this function in Excel, encouraging viewers to subscribe for more content and check out related resources on Excel VBA.