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In this video tutorial, the presenter explains how to hide the placeholder text in content control form fields, which typically appears in light gray to prompt users for input. To demonstrate, the presenter opens a form containing plain text form fields. They activate design mode and highlight the placeholder text, ensuring to include the period. Next, they right-click the selected text, choose the font option, and locate the "hidden" checkbox under font effects. By checking this box, users can hide the placeholder text, streamlining the form's appearance. Viewers are encouraged to explore the related playlist for additional tips on creating fillable forms.