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In this video tutorial, the presenter explains how to hide the placeholder text in content control form fields, which appears as light-gray text to prompt users for input. To demonstrate, the tutorial uses a form with plain text form fields. The process begins by enabling design mode, then the user highlights the placeholder text, including the period. After right-clicking the selected text, the user opens the font options and finds the "hidden" checkbox under font effects. By checking this box, the placeholder text can be concealed, allowing for a cleaner form appearance. Viewers are encouraged to explore the channel's playlist for more information on creating fillable forms.