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In this tutorial, the presenter explains how to hide placeholder text in content control form fields when creating forms. Placeholder text appears light gray, indicating where users should fill in their information, but it can be removed if desired. To demonstrate this, the presenter uses a form with plain text content controls. First, the design mode is activated, and the placeholder text is highlighted, ensuring to include the accompanying period. After selection, a right-click opens the font options, where users can find and check the "hidden" box under font effects to conceal the placeholder text. For further guidance, viewers are encouraged to explore the channel's playlist on creating fillable forms.