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In this video tutorial, Gary from macmost.com explains how to insert or replace text using shortcuts on a Mac. He emphasizes the benefits of utilizing the Shortcuts app to improve productivity by placing text directly at the cursor location. The tutorial is based on macOS version 12.3 or newer, which is required for these features. Gary demonstrates how to create a new shortcut and highlights the text action function, guiding users on how to easily insert specific text. He also encourages viewers to support macmost.com through Patreon for exclusive content and discounts.