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In this video tutorial, the instructor explains how to hide the placeholder text that appears in content control form fields in Microsoft Word, which is displayed as light-gray text prompting users to fill in the form. To demonstrate, the instructor creates a form using plain text form fields and enters Design Mode. They highlight the placeholder text along with the period at the end, then right-click to access the font settings. Within the font effects, they point out an option labeled "hidden" that allows users to hide the placeholder text. The video encourages viewers to explore the channel's playlist focused on creating fillable forms.