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The video tutorial demonstrates how to hide placeholder text in content control form fields, which typically appears in light gray to prompt users. To hide this text, the creator shows a method using a form with plain text content control fields. The process involves selecting "design mode," highlighting the placeholder text (including the period), right-clicking, and choosing the font option. In the font settings, there's an option under "font effects" to hide the text. The tutorial encourages viewers to explore the playlist for creating fillable forms for further learning.