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In this video tutorial, Matthew explains how to create a release of liability form. He directs viewers to a link for legal templates and suggests navigating to the business forms section. Using the search function, he recommends finding a "release of liability form waiver" and choosing either a general release or a car accident activity waiver, opting for the general release. Matthew demonstrates filling out the form with a name (e.g., "Matt"), an address in Texas, and details about the claims to be released. He discusses selecting a payment type and amount, setting the date of agreement, and noting the governing state as Texas, concluding with options for a witness or notary.