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In this video tutorial, the presenter explains how to hide placeholder text in content control form fields within a form. The placeholder text, which typically appears in light-gray to prompt users, can be undesirable in some cases. To hide it, the presenter demonstrates selecting the form's design mode, highlighting the placeholder text along with the period, right-clicking, and selecting the font option. In the font box that appears, there is an option under font effects called "hidden," which allows users to conceal the placeholder text. Viewers are encouraged to check out the playlist on the channel for more tutorials on creating fillable forms.