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In this video tutorial, Kevin from Microsoft demonstrates how to create drop-down lists in Microsoft Excel. He explains the benefits of using drop-down lists to ensure specific values are selected in a spreadsheet filled out by others. Kevin, a full-time Microsoft employee, provides a step-by-step guide on setting up drop-down lists in Excel, emphasizing that it is an easy process. This feature has been available in Excel for a long time and is useful for restricting data entry to predetermined values.