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In this tutorial, the presenter explains how to hide placeholder text in content control form fields to enhance user experience. Placeholder text often appears in light gray to prompt users to fill in the fields, but it can be distracting. The tutorial demonstrates the process using an example form with plain text content controls. To hide the placeholder, users should enter design mode, select the placeholder text along with the accompanying period, right-click, and choose the font option. In the font effects settings, users must check the box labeled "hidden" to remove the placeholder text from view. The video encourages viewers to explore additional resources in the channel's playlist on creating fillable forms.