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In this tutorial, the speaker demonstrates how to hide the placeholder text in content control form fields, which appears as light gray to prompt users to fill in a form. They emphasize that this feature can be undesirable in some cases. The tutorial includes an example using plain text form fields. To hide the placeholder text, the user needs to enter design mode, highlight the placeholder text (including the period), right-click the selection, and choose the font option. Within the font effects box, there is an option marked "hidden" that can be selected to achieve this result. Viewers are encouraged to check out additional videos on creating fillable forms in the channel's playlist.