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In this tutorial, the video explains how to insert a static date in Excel using VBA when data is entered in another cell. While functions like TODAY() and NOW() provide current dates and times, they update whenever the workbook is saved. To create a static date in column B corresponding to entries made in column A, the viewer is instructed to right-click the sheet tab, select "View Code," and paste the provided VBA code into the window. After exiting the VBA window, users can test the solution by entering data in cells A1 to A1000, causing the current date to appear in the corresponding cells of column B. The tutorial hints at adding both date and time functionality as well.