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In this tutorial, the presenter demonstrates how to hide the placeholder text that appears in content control form fields within a form. The placeholder text, which guides users to fill in the form, is visible in light gray, but the tutorial explains a method to remove it. The presenter uses a form containing plain text form fields and enters design mode. They highlight the placeholder text, ensuring to include the period, and then right-click to access the font settings. In the font effects section, the presenter shows how to enable the 'hidden' option to successfully hide the placeholder text for users. Viewers are encouraged to check the playlist for more on creating fillable forms.