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In this video tutorial, Matthew demonstrates how to create a release of liability form. He guides viewers to click on the provided link to access legal templates, navigate to business forms, and use the search engine to find the appropriate form. Matthew recommends selecting either a general release or car accident activity waiver, suggesting the general release for this tutorial. He illustrates the form-filling process by entering the releaser's name and address, specifying claims to be released, and indicating the payment method, opting for money in this case. He concludes with information on entering the date of the agreement and designating the governing state, as well as mentioning the need for a witness or notary.