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In this video tutorial, the presenter demonstrates how to hide the placeholder text in content control form fields in Microsoft Word. Placeholder text appears in light gray to prompt users to fill in form fields. To hide it, the presenter creates a form using plain text content controls, selects "Design Mode," highlights the placeholder text including the period, and then right-clicks to access the font options. In the font effects section, the instructor shows how to check the "hidden" box to remove the visible placeholder text. Viewers are encouraged to check out the playlist on the channel for more tutorials on creating fillable forms.