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In this tutorial video from AudioHitter, the host demonstrates how to design a money flex using Canva. The process begins by opening Canva on a phone or computer and creating a new design with custom dimensions of 12 cm by 18 cm. After setting up the canvas, the host adds a background by selecting elements and scrolling to find a suitable background image. The image is set as the background by long-pressing on it. Next, a triangle shape is added, with adjustments made to its length, width, and color, which is set to white. Finally, a circle is added and positioned at the center of the design, laying the groundwork for the final design.