The document provides instructions for creating caricatures. It discusses three key elements of successful caricatures: likeness, exaggeration, and statement. Caricatures should look like the subject but with exaggerated features that comment on the subject's personality. The document then outlines steps for drawing caricatures, including studying facial features, creating a realistic portrait, and exaggerating prominent features. It also describes using Photoshop's Liquefy filter to distort a photo into a caricature by stretching and squashing facial features.