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In this video tutorial, the creator demonstrates how to make table captions and a list of tables in Word. They begin by navigating to the bottom of their document where the tables are located, noting that the current captions are plain text. The first step is to select the relevant text, click on "References," and insert a caption by changing the label from "Figure" to "Table." After confirming, they delete the duplicate caption for the second table. Next, they access the "Home" tab to modify the caption style by changing the font to Times New Roman, size 10, setting the color to black, removing italics, and adjusting the spacing before finalizing the changes.