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In this HubSpot tutorial by Bob from Webdue, the video explains how to create an email template in HubSpot. Users can save repetitive email content and personalize it for recipients. To create a template, navigate to Conversations, select Templates, and click "New Template." Choose to start from scratch and enter a name and subject. Users can decide if the template is private or shared with specific users or teams. To organize templates, select a folder from the drop-down menu. In the editing window, compose the email body and utilize formatting options to adjust text styles and alignment. Additional features include hyperlinking text and inserting images, with options to resize them.