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In this tutorial, the presenter shows how to hide the placeholder text that appears in content control form fields within a form. This placeholder text, displayed in light gray, indicates to users where they should fill in information. The tutorial demonstrates the process using a plain text form field. The steps include selecting the "Design Mode," highlighting the placeholder text (including the period), right-clicking to access the font options, and checking the "hidden" box in the font effects. Viewers are encouraged to explore the channel's playlist for more on creating fillable forms.