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When managing important emails, it's sometimes necessary to save them as standalone documents rather than just flagging or categorizing them. There are several methods to extract and save an email, which can be useful for organizing work-related projects. The tutorial highlights the process of saving a selected email by navigating to File and then Save As. Users can choose from three formats: Raw Message Source, Rich Text Format, and Plain Text. The tutorial demonstrates this by saving the email to the desktop, noting that the default filename corresponds to the email's subject, which can be customized. Selecting Raw Message Source results in a file with a .eml extension.