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In this video tutorial, the speaker demonstrates how to rename and convert a block in a software application. They specifically show the process of changing a block named "fetus" into "indiarose." The steps include selecting the similar block, using Ctrl+C to copy it, and opening a new sheet to paste the coordinates while ensuring that the User Coordinate System (UCS) is correctly set. The speaker highlights the importance of purging unnecessary layers, noting that only one layer should remain with a zero layer to avoid issues. The tutorial emphasizes careful management of blocks and layers during this conversion process.