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In this Excel tips tutorial, the presenter explains how to save an Excel chart as an image. First, click on the desired chart, right-click to copy it, and then open another Microsoft application like Word, PowerPoint, or Paint. After pasting the chart, select "Paste Special" to choose between formats like PNG or JPEG. Once pasted, you can right-click on the chart image and select "Save as Picture," which opens a dialog box for naming and saving the image, with the option to change the format. This method provides a straightforward way to save Excel charts as images for various uses.