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The video tutorial discusses how to hide placeholder text in content control form fields within a form, which typically appears as light-gray text prompting users for input. The presenter demonstrates this process using a plain text form field. To hide the placeholder text, viewers are instructed to enter design mode, highlight the placeholder text (including any punctuation), right-click, and select the font option. In the font settings, there is a box labeled "hidden" under font effects that can be checked to successfully hide the placeholder text. Users are encouraged to check out the channel's playlist for more tutorials on creating fillable forms.