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The video tutorial explains how to customize a default form created automatically. It highlights the presence of standard fields in the form and demonstrates how to move fields by simply clicking and dragging them to the desired location. To delete a field, users can click the 'X' next to it, removing it from the form. It also notes that some fields available in the list do not appear in the automatically built form, but users can drag these fields from the list column and drop them into the form as needed. Additionally, it mentions that certain fields, like specific information provided by SharePoint, are not active but can be included if desired.