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In this tutorial, the presenter demonstrates how to hide placeholder text in content control form fields in Microsoft Word. Placeholder text appears light gray to prompt users to fill in the fields, but it can be removed if desired. The example shows a form created with plain text form fields. The steps include selecting 'Design Mode,' highlighting the placeholder text (including the period), right-clicking to access font options, and checking the 'Hidden' box under font effects to hide the text. Viewers are encouraged to explore the playlist on the channel for more tutorials on creating fillable forms.