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In this video tutorial, the speaker demonstrates how to find and replace specific text in a file using the terminal. The process involves using the command "SD" to substitute the desired text with a new name, along with the option to replace all instances within the file. By specifying the string to find and the replacement text, users can easily modify the content of their files. This method is shown to be effective and efficient for text replacement in Linux-based terminals. Remember to hit the like button if you found this tutorial helpful.