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In this Excel tips video, the presenter explains how to save an Excel chart as an image. Starting with a workbook that contains multiple sheets with charts, the user is instructed to select the desired chart and right-click to copy it. The next step involves opening another Microsoft application like Word, PowerPoint, or Paint, and pasting the chart as a picture. In Word, for instance, the user clicks on the paste option, selects "Paste Special," and can choose between formats like PNG or JPEG. After pasting as a picture, the user can right-click and choose "Save as Picture" to specify the file name and save it in the desired format. This method is presented as a straightforward way to save charts.