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In this tutorial, the speaker demonstrates how to hide the placeholder text that appears in content control form fields in Word. This placeholder text is typically shown in light gray to prompt users to fill in the form. To hide it, the speaker uses a plain text form field as an example. After entering design mode, they highlight the placeholder text along with the period at the end. Upon right-clicking the selection and choosing the font options, they access the font effects to enable the 'hidden' checkbox, thereby concealing the placeholder text. Viewers are encouraged to explore the playlist on the channel for more insights on creating fillable forms.