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In this video tutorial, the presenter explains how to hide placeholder text in content control form fields. Often displayed in light-gray to prompt users, this placeholder can be removed if desired. The example involves a form featuring plain text form fields. To hide the placeholder, the user must first enter design mode and highlight the entire placeholder text, including the period. After highlighting, right-click and select 'Font.' In the font box that appears, there is an option under 'Font Effects' labeled 'Hidden' that can be checked to remove the visibility of the placeholder text. Viewers are encouraged to check out the channel's playlist for creating fillable forms.