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This video tutorial explains how to hide placeholder text in content control form fields in Microsoft Word. It begins by noting that the placeholder text appears in light gray to prompt users to complete the field. The tutorial shows how to remove this placeholder text. The presenter demonstrates using a form that contains a plain text content control field. To hide the text, the presenter first selects "Design Mode" and highlights the placeholder text, including the period. After selecting the text, the user right-clicks to open the font settings, where they can check the "hidden" box under font effects to conceal the placeholder text. The video encourages viewers to check out more tutorials on creating fillable forms on the channel.