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In this video tutorial by Greg from SharePoint Maven, viewers learn how to save a Microsoft Form as a template. This is useful when you want to share a form you've created, allowing someone else to adjust it rather than replicate it. To share the form, simply navigate to your form, click on "Share," and select "Share as a template." You then copy the link to the template, which can be emailed to the recipient. The tutorial also demonstrates what happens when the recipient, such as 'John,' clicks the shared link.