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In this video tutorial, the presenter demonstrates how to save files, covering various file types and auto-save settings, particularly for Office 365 users with version history. Upon creating a new workbook, it defaults to a name like Book1 or Book2.xlsx. To save the workbook, users should go to the File tab and click "Save" or use the keyboard shortcut Ctrl + S. The first save prompts users to choose a location and name for their file; the .xlsx extension is automatically added. Users can select from multiple file types, with .xlsx as the default, but if macros are included, they should save as .xlsm. Other options include binary and CSV formats.