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In this video tutorial, the presenter demonstrates how to save files in different formats and configure auto-save settings for users of Office 365. When creating a new workbook, it will initially be named "Book1," "Book2," etc. To save it, access the file tab or use the Ctrl + S shortcut, which opens a dialog box for selecting the save location. Users can rename the file without worrying about the ".xlsx" extension, as it will automatically be added. Various file types can be selected, with .xlsx as the default. If macros are included, the file should be saved as .xlsm. Other options available include binary and CSV formats.