Make sure to first have SuperBLT installed. Click the link in the dependency list.

Optional video tutorial for installing SuperBLT, BeardLib, and mod_overrides mods: https://youtu.be/rin_sjSJIkg

1. After downloading the mod, use a program such as 7zip or WinRAR to extract the main folder of the mod.
2. Drop that folder into the mods folder which is supposed to be in the game's installation folder (don't know where that is? click here)

Drag 'assets' and 'mods' folder directly into your Payday 2 directory, all this will do is install the folders into the respective assets/mod_overrides folder and the mods folder.