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In this video tutorial, the presenter discusses keyboard shortcuts for the Find and Replace function in a spreadsheet program. The shortcut for finding text is Control + F, while Control + H takes the user directly to the Replace tab. Both functions have additional options accessible via the Options button. Users can define the search scope, allowing them to find text within a specific worksheet or across the entire workbook. The presenter demonstrates a replacement example, indicating that the term "ahmed" was replaced in the active worksheet and clarifying that users won't find it there, but it may still exist in other worksheets.