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In this tutorial, the presenter explains how to create a rich text field, primarily for adding images, within a new object. The process begins by accessing the setup via the gear icon and navigating to the Object Manager to select the new object. The next step involves clicking "new" under fields and relationships, selecting the "rich text area" data type, and labeling it (e.g., "image field"). The presenter notes default settings for character limits and visible lines, along with providing descriptions for admins and help text for users. Finally, the tutorial touches on establishing field-level security to determine who can view and edit the field.