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In this video tutorial, the presenter demonstrates how to create table captions and a list of tables in Microsoft Word. Starting with a document containing plain text table captions, the presenter first scrolls to the bottom where the tables are located. They select the text, go to the "References" tab, and use the "Insert Caption" feature, changing the label from "figure" to "table." After inserting the captions, they remove the duplicate entry and adjust the formatting by accessing the "Styles" section. The presenter modifies the caption style to black, removes italics, changes the font size to 10, sets it to Times New Roman, and reduces spacing, before finalizing the changes.