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In this video tutorial, the presenter demonstrates how to hide the placeholder text that appears in content control form fields in a form. The placeholder text often shows up as light gray, indicating to users where to fill in the form. To hide it, the presenter first enters design mode and highlights the placeholder text, ensuring to include the period. After selecting the text, they right-click and choose the font option, where under font effects, there's an option to hide the text. The video is part of a playlist on creating fillable forms, encouraging viewers to explore more content.