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In this tutorial, the presenter discusses how to hide placeholder text in content control form fields used for creating forms. The placeholder text appears in light gray to prompt users to fill in the field, but can sometimes be undesirable. To hide it, the presenter demonstrates selecting the form field and entering design mode. By highlighting the placeholder text, including the period, and right-clicking to access the font settings, the user can modify the font effects. They specifically navigate to the option labeled "hidden" to conceal the placeholder text. The video encourages viewers to check out the related playlist for additional guidance on creating fillable forms.