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In this video tutorial, the presenter explains how to hide the placeholder text that appears in content control form fields in a form. This placeholder text is displayed in light gray to prompt users for input, but it can be undesirable in some cases. To hide it, the presenter demonstrates using a specific form that contains plain text content control fields. The user should enter design mode, highlight the placeholder text (including any punctuation), right-click, and select the font option. In the font settings, the user can check the "hidden" box under font effects to make the placeholder text invisible. Viewers are encouraged to check the presenter’s channel for more related content on creating fillable forms.