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In this video tutorial, the presenter demonstrates how to hide the placeholder text that appears in content control form fields, which can be undesirable for users filling out forms. The tutorial starts with a form created using plain text content control form fields. To hide the placeholder text, users need to enter design mode, highlight the placeholder text along with any punctuation (like a period), right-click, and select the font option. In the font settings, users can check the 'hidden' box under font effects to effectively remove the placeholder text from view. Viewers are also encouraged to explore the tutorial playlist on the channel for more information on creating fillable forms.