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In this tutorial, the presenter discusses how to hide placeholder text in content control form fields in a form. This placeholder text appears light gray to prompt users to fill in the fields, but can be undesirable in some cases. The tutorial demonstrates this by first creating a form with plain text content control fields. To hide the placeholder text, the user needs to select "Design Mode," highlight the placeholder text (including the period), right-click, and open the font settings. In the font effects, there is an option to check "hidden," effectively removing the placeholder text from view. The presenter encourages viewers to check out their playlist for more on creating fillable forms.