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In this tutorial, the presenter explains how to hide placeholder text that appears in content control form fields in Word. This text appears as light gray to prompt users, but there may be instances where it is undesirable. To hide the placeholder text, the presenter demonstrates using a plain text content control form field. First, the user should enter design mode, then select the placeholder text, ensuring to include any punctuation. After highlighting, the user can right-click and choose the font option from the menu. In the font settings, there's an option under font effects labeled "hidden," which can be checked to hide the placeholder text. The video encourages viewers to explore additional tutorials on creating fillable forms available on the channel.