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In this video tutorial, Matthew explains how to create a release of liability form. He starts by directing viewers to legal templates via a link and encourages them to explore the business forms section. Matthew suggests using the search feature to find the "release of liability form waiver" and recommends choosing either a general release or a car accident activity waiver, opting for the general release in this case. He demonstrates filling out the form, including naming the releaser, providing an address and city, detailing the claims to be released, and indicating payment considerations. The tutorial concludes with steps for specifying the agreement date and governing state, and mentions the option for a witness or notary.