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In this Excel tutorial, the presenter explains how to change default options in Excel, a process that is similar in other Microsoft products like Word and PowerPoint. To begin, the user opens Excel, clicks on "File," and selects "Options." The presenter suggests modifying the default new workbook setting from three sheets to one to reduce clutter. Additionally, users can change their username in this menu. While the presenter mentions not making changes under the "Formulas" tab, they encourage viewers to explore other options in the settings.