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In this tutorial, the presenter explains how to hide the placeholder text that appears in content control form fields when creating forms. This placeholder text is typically displayed in light gray to prompt users to fill in the field. To hide it, the presenter demonstrates using a form with plain text content control fields. They suggest enabling design mode to highlight the placeholder text, ensuring the period at the end is also selected. After right-clicking on the selected text, users should choose the font option, where they can find the 'hidden' box under font effects to hide the placeholder text. The tutorial encourages viewers to check out the channel's playlist on creating fillable forms for more guidance.