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The video tutorial explains how to hide placeholder text in content control form fields when creating forms. When using plain text form fields, the placeholder text appears as light gray to prompt users to fill in the fields. If you prefer not to display this text, the tutorial demonstrates an effective method. First, enable "Design Mode" and highlight the placeholder text, including the period. Then, right-click the selected text and choose the "Font" option, where you can find and check the "Hidden" box under font effects to conceal the placeholder text. Viewers are encouraged to check the channel's playlist for more form creation tips.