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In this tutorial, the presenter explains how to hide placeholder text in content control form fields within a form. The light-gray placeholder text prompts users to fill in the form field, but if this display is undesirable, it can be hidden. The example given involves using plain text form fields. To hide the placeholder text, activate design mode, select the desired placeholder text (including the period), right-click, and then choose the "Font" option. In the font effects, there is a checkbox labeled "Hidden" that can be selected to conceal the text. Viewers are encouraged to check the playlist on the channel for more tips on creating fillable forms.