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In this tutorial on Microsoft Publisher 2016, the presenter explains how to replace text boxes, including placeholder and default text. Starting with a flyer, they demonstrate how to interact with various objects on the page. As the presenter hovers over these objects, boundaries indicate their type, revealing different text contents and images. By clicking on a generic text box, the text is automatically highlighted, allowing for easy replacement. The presenter begins to type in a new name for the video, illustrating the text replacement process. This tutorial focuses on practical tips for editing text in Microsoft Publisher.