Yes, there is a way to toggle between two values in a cell by using a simple macro in Microsoft Excel.

Here are the steps to create a toggle button:

1. Open the Excel workbook and press Alt + F11 to open the Visual Basic Editor.
2. In the Visual Basic Editor, click on Insert Module to create a new module.
3. In the module, paste the following code:
   
   
   Formula:

   Sub ToggleCell()
    If ActiveCell.Value = "apples" Then
        ActiveCell.Value = "oranges"
    Else
        ActiveCell.Value = "apples"
    End If
End Sub 

4. Save the module and close the Visual Basic Editor.
5. Go back to the Excel workbook and select the cell where you want to toggle between two values.
6. Right-click on the cell and select "Assign Macro" from the context menu.
7. In the "Assign Macro" dialog box, select the "ToggleCell" macro and click on "OK".
8. Now, whenever you click on the cell, it will toggle between "apples" and "oranges".

That's it! You have successfully created a toggle button in Excel. You can modify the code to toggle between any two values you want.