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In this Excel tips video, the tutorial demonstrates how to save an Excel chart as an image. The presenter opens a workbook with three sheets, each containing a chart, and selects the desired chart. After right-clicking on the chart and choosing "copy," the user pastes the chart into another Microsoft application like Word, PowerPoint, or Paint. In Microsoft Word, the tutorial guides users to the "paste special" option, allowing the choice between formats like PNG or JPEG. Once the chart is pasted, the user can right-click and select "save as picture," accessing a dialog box to name and choose a file format for saving the image.