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In this video tutorial, Perry demonstrates how to add text to any jpeg image using a tool called Good Annotations. To start, go to goodannotations.com and navigate to the text tools category to find the "add text to jpeg" option. Click on it to access the main page for adding text to jpeg. Upload your jpeg image by clicking on the button and selecting the file from your computer. Now you can easily update or add text to your jpeg image using this tool.