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In this video tutorial, the presenter explains how to hide placeholder text in content control form fields. Placeholder text appears in light gray to prompt users to fill in form fields, but it can be undesirable at times. To hide it, the presenter demonstrates using a form with plain text form fields. By entering design mode and selecting the placeholder text (including the period), users can right-click and choose the font option. In the font effects box, there's an option labeled "hidden" that can be checked to remove the visible placeholder text. For more related tips, viewers are encouraged to check out the playlist on the channel for creating fillable forms.