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In this video tutorial, five to six tips for using the find and replace function in Excel are demonstrated. Viewers are encouraged to check the video description for downloadable files to follow along and to subscribe for notifications on new tutorials. The first tip focuses on replacing cell references within formulas. An example is provided, showing how to modify a long formula that refers to cell E2. Instead of manually clicking and dragging to change the reference to A1, viewers are guided on how to efficiently use the find and replace function to simplify the process. The tutorial emphasizes practical techniques that enhance productivity in Excel.