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In this video tutorial, the presenter demonstrates how to hide placeholder text in content control form fields within a form. Placeholder text appears in light gray to prompt users, but it can be removed if desired. The tutorial involves using a form with plain text content control fields. The steps include selecting "Design Mode," highlighting the placeholder text (including the period), right-clicking, and choosing the font option. In the font effects section, there's a checkbox labeled "hidden," which allows users to hide the placeholder text. Viewers are encouraged to check out the channel's playlist for more on creating fillable forms.