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In this tutorial on Microsoft Publisher 2016, the instructor demonstrates how to replace text boxes, including placeholder and default text. Starting with a flyer example, the video highlights various objects within the document and their associated boundaries. The instructor zooms in to show differences in text, such as generic text versus specific details like a business name, as well as objects that contain images. By clicking on the generic text, it gets highlighted, allowing for direct typing. The example continues with the instructor typing the name of the video, illustrating how to effectively edit text in Publisher.