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In this tutorial, the presenter shows how to hide placeholder text in content control form fields used for creating forms. This placeholder text, which appears light-gray, prompts users to fill out the fields but can be undesirable at times. To hide it, start by selecting "Design Mode." Highlight the placeholder text, including the period, then right-click and choose "Font." In the Font box that appears, navigate to the font effects, where you can check the box labeled "Hidden" to conceal the text. The video encourages viewers to check out additional resources in the playlist on the channel for more tips on creating fillable forms.