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In this tutorial, the speaker demonstrates how to hide placeholder text in content control form fields within a form. Users typically see light-gray placeholder text prompting them to fill in the fields, but the speaker offers a method to remove it. The example shows a form using plain text content control form fields. To hide the placeholder text, the user should enter design mode, highlight the placeholder text (including the period), right-click to access the font settings, and check the "hidden" box under font effects. Viewers are encouraged to check out additional content on creating fillable forms in the channel's playlist.