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This tutorial explains how to hide the placeholder text in content control form fields of a form, which typically appears as light gray to prompt users for input. The presenter demonstrates the process using a plain text form field. First, they enter design mode and highlight the placeholder text, ensuring to include any punctuation. After selection, a right-click brings up the font options, where the user can check the "hidden" box under font effects to remove the placeholder text from display. The video is part of a playlist dedicated to creating fillable forms.