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In this video tutorial, the presenter demonstrates how to hide placeholder text in content control form fields. Placeholder text appears in light gray to prompt users to fill in form fields, but can be distracting. To hide it, the presenter uses a form with plain text content controls. The process involves selecting "Design Mode," highlighting the placeholder text—including the period—and right-clicking to access the font settings. In the font effects box, there is an option to check "hidden," which will effectively conceal the placeholder text from users. The video encourages viewers to check out the related playlist on creating fillable forms.