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In this video tutorial, the focus is on using Power Query for performing multiple find-and-replace operations at once. While Excel functions like REPLACE or SUBSTITUTE can handle single word changes or nested replacements for two or three words, more complex replacements across a range of text values require a different approach. The tutorial explains how to replace multiple words based on a mapping table, where terms in a "find" column can be replaced with corresponding terms in a "replace" column (e.g., replacing "for" with "six" and "normal" with "casual"). The video highlights that such tasks are cumbersome with standard Excel functions and suggests Power Query as a more efficient solution.