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In this tutorial, the presenter explains how to hide the placeholder text that appears as light-gray in content control form fields. While using a form created with these controls, the user may find the placeholder text unnecessary. To hide it, the presenter demonstrates selecting "Design Mode," highlighting the placeholder text (including the period), and then right-clicking to access the font settings. In the font box, there is an option labeled "hidden" under the font effects, which can be used to make the placeholder text invisible. Viewers are encouraged to check out additional videos in the channel's playlist on creating fillable forms.