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In this video tutorial, the presenter explains how to hide the placeholder text that appears in content control form fields, which is typically displayed in light gray for user guidance. To demonstrate, the presenter creates a form using plain text form fields and enters design mode. They highlight the placeholder text, ensuring to include any punctuation, then right-click to access the font options. Within the font settings, there is an option labeled "hidden" under font effects, which can be selected to remove the placeholder text from view. Viewers are also encouraged to check out the playlist on the channel for more tutorials on creating fillable forms.