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In this video tutorial, the presenter explains how to hide the placeholder text in content control form fields, which typically appears as light gray to prompt users. To demonstrate, they use a form containing plain text form fields. The process starts by entering design mode, selecting the placeholder text—including the period—then right-clicking to access the font options. Within the font settings, there is a "hidden" checkbox under the font effects that can be selected to conceal the placeholder text. The tutorial encourages viewers to check out their channel's playlist on creating fillable forms for further information.