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In this video tutorial, the creator demonstrates how to hide the placeholder text that appears in content control form fields, specifically plain text form fields. The placeholder text is shown in light gray to prompt users to fill in the form, but sometimes it may be undesirable to display it. The instructor shows how to select the placeholder text while in design mode and includes the end period. After highlighting the text, the user can right-click and access the font options. In the font effects section, there is an option to hide the text, effectively removing the placeholder from view. Viewers are encouraged to check out related videos on creating fillable forms on the channel.