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The tutorial highlights a method for efficiently checking external links in an Excel file. Instead of manually examining each link through the data tab's "edit links" option, users can utilize a formula to obtain a complete list of links. By employing the transpose function, this list can also be formatted vertically. The tutorial references Bob, who employs Excel 4.0 macros to combine old and new techniques, showcasing their continued relevance. The video suggests that these traditional Excel 4 macros are still supported by Microsoft, underscoring their utility in modern Excel workflows.