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In this tutorial, the video covers file-saving options, including different file types and auto-save settings for 365 users, with a focus on version history. When creating a new workbook, it initially gets a default name like Book1 or Book2.xlsx. To save it, users should click the File tab and select Save or use the Ctrl + S shortcut. The first save prompts a dialog box to choose the folder and rename the file. The .xlsx extension will be automatically added upon saving. Various file types are available, with .xlsx as the default, while users can opt for .xlsm for macros, or save as binary or csv based on their needs.