The professionals make it look easy, but the truth is creating good hyperlapses (and timelapses) requires skill and patience. Unlike snapping a single still, lapse photography depends on capturing a lot of images with minimal to no variation in light levels, framing and positioning. If you're after some pointers, you've come to the right place (well, video).
DigitalRev TV's Kai W -- with some help from lapse photography expert Patrick Cheung -- takes you through all the important things you need to consider when collecting images for your (hopefully) entertaining creation. For example, it's vital to pick a consistent target for each "section" and to make sure there are no obstructions blocking the camera at any position along the way -- something that's easy to forget if you just plonk your camera down and have at it.
Lighting also plays a large factor, as the sun moves over the course of the shoot.
There's a small bit about calculating how many photos you'll need to get a certain frame rate for a particular period of time, as well as the distance you'll need to move the camera for each snap.
Even with this advice under your belt, you're going to need to spend time stuffing it up. At least you won't waste as much time.