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In this tutorial, the presenter demonstrates how to hide the light-gray placeholder text in content control form fields. This placeholder text indicates to users where to fill in the form. The tutorial shows an example using a plain text form field. To hide the placeholder text, the presenter first selects "design mode," highlights the text along with the period, and then right-clicks to access the font options. In the font box that appears, there's an option under font effects to hide the selected text. Viewers are encouraged to check the channel's playlist for more on creating fillable forms.