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In this tutorial, you will learn how to use the "Find and Replace" feature in Microsoft Word. This function is particularly useful for editing template documents where specific words or phrases appear multiple times. Using an example of an employee handbook, the instructor demonstrates identifying a generic company name in brackets throughout the document. To replace it, the instructor copies the text including the brackets using Ctrl+C, then navigates to the Home ribbon, clicks on "Replace," and pastes the copied text with Ctrl+V. The instructor also notes the importance of removing any accidental spaces copied during this process to ensure accurate replacement.