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In this video tutorial, the presenter explains how to hide placeholder text in content control form fields used for creating forms. The placeholder text, which appears as light-gray, prompts users to fill out the form fields but may not always be desired. To hide it, the presenter demonstrates selecting the placeholder text in design mode, ensuring the period is included. After highlighting the text, the user can right-click and choose the font option where they will find an option under font effects labeled "hidden," allowing them to conceal the placeholder text. The video also encourages viewers to check out the playlist for more tips on creating fillable forms.