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In this video tutorial, the presenter discusses how to hide placeholder text that appears in content control form fields, which typically prompts users to fill in the field. To illustrate this process, the presenter first creates a form using plain text content control fields. They explain that by selecting "Design Mode," users can highlight the placeholder text, ensuring to include any punctuation such as a period. After making the selection, users should right-click and choose the "Font" option. In the Font dialog box, they can find the "Hidden" checkbox under font effects to conceal the placeholder text. Additional resources are available in the channel's playlist on creating fillable forms.