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In this video tutorial, Matthew demonstrates how to create a release of liability form. He instructs viewers to click the provided link to access legal templates, then navigate to the business forms section. Using the search engine, he recommends searching for "release of liability form waiver" and selecting either a general release or a car accident activity waiver, opting for the general release. He details the steps of creating the document, including filling in the releaser's name and address, specifying claims to be released, choosing payment options (money or item), stating the amount, indicating the date of the agreement, and noting the governing state. Finally, he mentions the need for a witness or notary.