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In this tutorial, the video demonstrates how to hide placeholder text in content control form fields within a form. Users often see light-gray placeholder text prompting them to fill in the fields, but sometimes it may be undesirable. The presenter shows how to accomplish this by selecting "design mode" in the form. They highlight the placeholder text, ensuring to include the period, and then right-click to access the font settings. In the font effects options, there's a checkbox labeled "hidden," which allows users to hide the placeholder text. Viewers are encouraged to check out the related playlist for more information on creating fillable forms.