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This video tutorial explains how to hide placeholder text in content control form fields when creating forms. Placeholder text appears as light-gray to guide users, but it can be hidden if desired. The tutorial demonstrates the process using a form with plain text content control. First, the user selects "Design Mode." Next, they highlight the placeholder text, including its period, and right-click to open the font options. In the font effects, there is an option labeled "hidden" that can be selected to remove the placeholder text from view. For more tutorials on creating fillable forms, viewers are encouraged to check out the channel's playlist.