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In this Excel tutorial, the presenter demonstrates how to pull values from one column into another based on specific criteria. The example involves referencing power values (150 and 90) that update dynamically if changes are made. To enhance clarity, a concatenation label is created, which combines the word "power" with the current cell value and the label "amount." This is achieved using the ampersand symbol to join the components, ensuring users understand what the data represents. The tutorial emphasizes the importance of proper labeling for effective spreadsheet use.