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In this tutorial, the presenter explains how to hide placeholder text in content control form fields for a form. The placeholder text appears in light gray to prompt users, but can sometimes be undesirable. To hide it, the presenter demonstrates using a plain text form field. They first select "Design Mode," then highlight the placeholder text, including the period. By right-clicking and choosing the "Font" option, they access the font effects and check the "Hidden" box, effectively removing the placeholder text from view. Viewers are encouraged to check out the channel's playlist on creating fillable forms for more information.