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In this video tutorial, Matthew explains how to create a release of liability form. He instructs viewers to click the provided link to access legal templates, navigate to business forms, and utilize the search engine to find the release of liability form waiver. He selects the "general release" option and demonstrates filling in details, including the name (e.g., Matt), address, and city (Texas). Matthew emphasizes the importance of specifying claims to be released, choosing the method of payment (money or item), and specifying an amount. He mentions that the date of agreement and governing state will also likely be Texas. The tutorial concludes by noting the need for a witness or notary.