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The tutorial discusses how to hide placeholder text in content control form fields when creating forms in Microsoft Word. It explains that the placeholder text appears in light gray to prompt users to fill in the field, but it can be hidden if desired. To do this, the creator demonstrates selecting the placeholder text in design mode, including the period, then right-clicking to open the font options. In the font effects section, there is an option to check a box labeled "hidden," which will conceal the placeholder text. The video encourages viewers to check out the related playlist on creating fillable forms.