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In this tutorial, the presenter demonstrates how to hide placeholder text in content control form fields in Microsoft Word. This placeholder text appears as light gray to prompt users to fill in the field. The process involves selecting the "Design Mode" option, highlighting the placeholder text (including the period), right-clicking, and then selecting "Font" to access font effects. In the font effects options, there's a checkbox labeled "Hidden" that can be selected to hide the placeholder text. The presenter encourages viewers to check out other videos in the channel's playlist on creating fillable forms.