Building a small, remote-controlled hovercraft can be achieved by focusing on creating a cushion of air, which can be generated using a powerful fan. While toy hovercrafts are available, a DIY approach may require a stability system for better control of movement. Magnetic levitation systems are not practical for highly mobile vehicles without specialized tracks and advanced electronics. The discussion emphasizes starting with basic concepts and gradually incorporating more complex features. Overall, leveraging air cushion technology is key to successfully building a hovercraft.