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In this tutorial, the presenter discusses how to hide placeholder text in content control form fields when creating forms. The placeholder text, often displayed in light gray, serves to prompt users but can be undesirable in some cases. To hide this text, the user should enter Design Mode, highlight the placeholder text along with its period, right-click, and select the font option. In the font settings, there is an option labeled "hidden" under font effects that can be checked to conceal the text. The presenter encourages viewers to check out the playlist for more on creating fillable forms.