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In this video tutorial, the presenter demonstrates various ways to save files, including different file types and auto-save settings, with a focus on Microsoft 365 users and version history. When creating a new workbook, it defaults to names like Book1 or Book2.xlsx. To save, go to the File tab and select Save, or use the Ctrl + S shortcut. The first saving prompts the user to select a folder and name the file. The .xlsx extension is automatically added upon saving, and users can choose from several file types, including .xlsm for macros, binary, and .csv. The presenter encourages viewers to explore the available file type options.