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In this Microsoft Publisher 2016 tutorial, the presenter demonstrates how to replace text boxes, including placeholder and default text. The video begins with an overview of a flyer containing various objects. The presenter highlights the boundaries of these objects, indicating their content type. Zooming in, it is evident that some features contain generic text while others feature specific details, such as business names, alongside images. The tutorial shows how to select and replace generic text. For example, clicking on the text highlights it, allowing for easy substitution when typing a new name, like the title of the video, "replace publisher plac."