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The video tutorial explains how taxi drivers and customers can obtain a blank printable taxi receipt from a specific webpage. Users can download the receipt in various formats, such as docHub PDF, Microsoft Excel, Word, or rich text format, with docHub PDFs being recommended as the easiest option. To create a receipt, users need to fill in details including the date, time, pickup and destination addresses, driver's name, fare amount, cab number or company, tip amount, and any additional notes. After filling in the information, users can print the completed receipt for their records.