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In this Office 2013 tutorial video, viewers learn how to create a letterhead, save it as a template, and draft a business letter. The process begins with a blank Word document saved as "letterhead.docx." The instructor demonstrates how to design a letterhead by including the business name, address, and email, as well as inserting a relevant graphic. The business name, "business 216 team," is typed in, followed by inserting a picture by navigating to the "Insert" menu and selecting "Online Pictures." A graduation-themed image is chosen, resized, and positioned at the top of the document, establishing a professional layout for the letterhead template.