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In this video, Matthew explains how to create a release of liability form. He begins by instructing viewers to click the link provided to access legal templates, then navigate to business forms. Using the search function, he suggests typing "release of liability form waiver" and selecting either a general release or a car accident activity waiver, choosing the general release for this tutorial. Viewers are guided to enter details such as the releaser's name and address (using Texas as an example), specify claims to be released, and choose the form of payment (money or items). Finally, he indicates the need to include the date of the agreement and governing state, along with a witness or notary.