How to Create a FaceTime Link in macOS 12

The macOS Monterey 12 operating system has been out for a few months now and you may not have discovered all the new features yet. For example, in the new operating system you can send FaceTime links to easily add friends, family or colleagues to a video call. As a Mac user, you do not necessarily need a separate tool such as Google Meets or Zoom to make video calls. How do the FaceTime links work?