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When your Excel file is exceptionally large at 4.9 megabytes with only two sheets, consider opening it in Excel on the web to optimize performance. By checking the Review Check Performance feature, you can identify unused formatting and metadata that can be removed to improve efficiency. By optimizing each sheet individually or selecting Optimize All, you can reduce the file size significantly without losing any data. In one case, the file size was reduced to just 46 kilobytes after removing unnecessary elements.