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In this video tutorial, the presenter demonstrates how to hide the placeholder text that appears in content control form fields when creating forms. This light-gray text prompts users to fill in the field but can be undesirable for some users. To hide the placeholder text, the presenter uses a plain text form field example. First, they enter Design Mode, highlight the placeholder text along with the period, and then right-click to access the font options. In the font settings, they check the "hidden" box under font effects to successfully conceal the placeholder text. Viewers are encouraged to check out the playlist for more tutorials on creating fillable forms.