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In this video tutorial on Nitro Pro, the editing tool makes it easy to move and edit text within bounding boxes on the document. By selecting the edit tool and clicking on the text, you can modify it by adding or deleting text. The floating toolbar allows you to change font, case, style, color, and size of the text. After making changes, you can press escape or click elsewhere on the document to finish. To move text, hover over the bounding box and drag it to a new location. Deleting a paragraph is as simple as clicking the bounding box.