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In this video tutorial, the presenter discusses how to hide the placeholder text that appears in content control form fields, which can sometimes be undesirable. They guide viewers through the process using a form created with plain text content control fields. The tutorial involves enabling design mode and selecting the placeholder text, ensuring to include the period. After selection, users are instructed to right-click and choose the font option, where they can find a setting under font effects labeled "hidden." The video is part of a playlist focused on creating fillable forms.