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In this video tutorial, the presenter demonstrates how to hide the placeholder text that appears in content control form fields, which is typically displayed in light gray to prompt users to fill in the fields. To conceal this placeholder text, the presenter uses a form created with plain text content control fields. The process involves entering Design Mode, highlighting the placeholder text (including any punctuation), right-clicking to open the font options, and checking the "hidden" box under font effects. For further learning, viewers are encouraged to visit the playlist on creating fillable forms available on the channel.