The document outlines the 7 steps to create a classic load balancer on AWS EC2: 1) select EC2 services, 2) click load balancers, 3) click create load balancer, 4) select classic type, 5) define balancer details like protocol, security settings, health check, and EC2 instances, 6) review and create, 7) test the balancer by hitting the URL and checking which instance handles requests.