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In this video tutorial, the instructor, Jay, demonstrates how to extract text from a PDF file using Python. He has a PDF with lecture notes spanning two pages that he aims to convert into a text file. To start, viewers are instructed to open their Python editor and create a new Python file. Jay uses the PyPDF2 library for this task, guiding viewers to install it with the command `pip install PyPDF2`. He then explains how to import the necessary classes: PDFFileReader and PDFFileWriter. Next, he shows how to create a variable for the file path, indicating that since both the Python file and the PDF are in the same folder, the filename can be provided directly.