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In this Excel magic trick tutorial, viewers learn how to calculate vacation days based on years of employment. Upon starting a job, employees receive 20 vacation days per year, with an additional day after completing five years and one extra day for every subsequent year. The tutorial includes a workbook that can be downloaded from the creator's YouTube channel. It demonstrates how to use the TODAY function to make the spreadsheet dynamic, ensuring it updates the calculation whenever opened. The current date is set as January 9, 2009, paving the way to determine the number of vacation days based on the hire date and years worked.