Check out this video that was created and posted by the gang at Spin.
In the clip, Yngwie Malmsteen teaches Spin senior editor—and self-declared guitar novice—David Marchese everything you need to know to shred like a guitar god.
Malmsteen pretty much covers all the bases, going from "bending in tune" to providing pointers on style and showmanship. I love how Marchese says "Good job!" at the end of the video.
P.S.: I used to own the same DeArmond guitar Marchese is playing, although mine had Duo Sonic pickups. I sold mine for beer money in 2005. I know no one cares about this detail.