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Gary from macmost.com demonstrates how to insert or replace text using a shortcut on a Mac. He explains how the shortcut can save time and increase productivity, showing various ways to utilize it. It is recommended to use Mac OS version 12.3 or newer for all features. The tutorial includes creating a new shortcut and typing a piece of text using the text action. Macmost is sponsored by Patreon with exclusive content and course discounts for supporters.