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In this video tutorial, the presenter explains how to create a hyperlink using HTML. Hyperlinks can be applied to text, buttons, images, etc., but the focus here is on text. To create a hyperlink, you need to surround the desired text with opening and closing `<a>` tags. The opening tag includes the `href` attribute, which contains the URL you want to link to, like "http://google.com". The video emphasizes the importance of saving your work. It also mentions the use of the `target` attribute, which controls whether the link opens in the same window or a new tab (default opens in the same window; setting it to "blank" opens a new tab). Additionally, a title attribute can be added for more context.