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In this tutorial, the presenter explains how to hide the placeholder text in content control form fields used in forms. This placeholder text, displayed in light-gray, indicates to users where to fill in the form fields. To hide it, the presenter uses a form with plain text content control. By selecting "Design Mode," the placeholder text is highlighted, including the period at the end. The next step involves right-clicking the selected text, choosing "Font," and then checking the "Hidden" box under font effects to successfully conceal the placeholder text. Viewers are encouraged to check the playlist on the channel for more information on creating fillable forms.