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In this tutorial, the presenter demonstrates how to hide placeholder text in content control form fields when creating forms. The placeholder appears as light-gray text to prompt users, but it can be undesirable in some cases. The tutorial shows viewers how to achieve this by entering design mode, highlighting the placeholder text (including the period), and then right-clicking to select the font options. In the font box that appears, users can check the 'hidden' box under font effects to hide the placeholder text. The video is part of a playlist on creating fillable forms.