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In this video tutorial, the presenter explains how to hide placeholder text in content control form fields in Microsoft Word. While placeholder text appears light gray to guide users in filling out forms, it can be removed if desired. The tutorial starts by creating a form with plain text content control fields. The presenter then selects "Design Mode," highlights the placeholder text including the period, right-clicks to choose "Font," and checks the "Hidden" box under font effects to conceal the text. Viewers are encouraged to explore the playlist on the channel for more tutorials on creating fillable forms.