The first method is simply to view your video externally, record directly from the Timeline, and control your machine manually (put it into record and play the sequence in the Timeline). You can toggle this feature on and off by selecting View, External Video or by pressing Cmd+F12. (If you are working with a PowerBook, you need to press the fn key for any function key to work.) If you need a quick VHS dub, this method might be the fastest way. But you can even master for broadcast this way if you create a sequence with the appropriate bars, tone, and slate added to it. It's manual in nature, so you don't have the option of controlling the videotape machine to make a really precise edit, but in many circumstances, this is not necessary.
When recording a tape using this method, I highly recommend that you perform a Mixdown Audio command first. Highlight everything in your sequence that is open in the Timeline, and select Sequence, Render Only, Mixdown or press Opt+Cmd+R. Performing this mixdown frees bandwidth in your computer, because it creates a single two-track audio file (or more, depending on your capture card's ability, and as set by your A/V Devices settings) from all the audio tracks you've built into your sequence. This mixdown also keeps your media drives from having to search from audio cut to audio cut just to play the sequence.