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In this video tutorial, the presenter explains how to hide the placeholder text that appears in content control form fields when creating forms. This light-gray text prompts users to fill in the fields, but if you prefer not to display it, there is a solution. The tutorial demonstrates using a form that utilizes plain text form fields. To hide the placeholder text, the presenter shows how to enter design mode, highlight the placeholder text (including the period), right-click, select "font," and check the "hidden" box under font effects. Viewers are encouraged to check out the playlist for more on creating fillable forms.