You can create 360 videos. just make one more after you make 359 videos.
Stop, dad, gawd you're so embarrassing.
You can produce 360° if you have a 360 camera rig. If you don't have that (since they can cost you hundreds to thousands), you can try recording at fixed angles (like 90°, 180°, etc.) and use software that can stitch the footage together to create a 360 video.
And then there's the CGI way. You just have to use the right camera setting.
But a 360 video is just a flatten panoramic video file on your computer. Sites like Facebook and YouTube can give you the 360 experience but the video needs to have 360 metadata embedded in so YouTube/Facebook knows it is a 360° video you're uploading. As MarkNelsonMovies pointed out, Google has free software to embed that metadata.
I have not yet experimented with spatial audio but it was something I wanted to do with my 360 video but this is new territory so there's a lot of information out there to sift through to really know what you need to create your own spatial audio to accompany your 360 videos.