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In this tutorial, the presenter explains how to hide placeholder text in content control form fields within Microsoft Word forms. The placeholder text appears light gray to guide users in filling out the form, but can sometimes be undesirable. To hide it, the presenter demonstrates selecting the form field in design mode and highlighting the placeholder text, including the period. After selection, right-clicking brings up the font options, where users can find and check the "hidden" box under font effects to remove the placeholder text from view. Viewers are encouraged to check the channel's playlist for more on creating fillable forms.