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In this video tutorial, the process of transferring files and applications from an old computer to a new one using a program called Easy Transfer is explained. The software offers a free version, which allows transfers up to two gigabytes of data and five applications, and a paid version priced around $50-$60, which provides full functionality. After downloading and installing the program on both the source (old) computer and the target (new) computer, the tutorial demonstrates how to initiate the transfer using the free version's limitations. The setup is straightforward, requiring installation on both machines before starting the transfer process.