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In this video tutorial, the presenter explains how to hide the placeholder text that appears in content control form fields, which may not always be desired. The tutorial shows how to create a form using plain text content controls and guides users through the process. First, users need to enter design mode, then highlight the placeholder text, ensuring to include the period. After selecting the text, they should right-click and choose the font option. In the font effects box, there is a checkbox labeled "hidden," which can be selected to remove the visibility of the placeholder text. Viewers are encouraged to check the channel's playlist for more on creating fillable forms.