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In this tutorial, the presenter explains how to hide placeholder text displayed in content control form fields. This text appears light gray to prompt users to fill in the form field, but it can be unwanted. To demonstrate this, the presenter selects a plain text content control form field and enters design mode. They highlight the placeholder text, including the period, then right-click to open the font settings. In the font effects section, the option to hide the text is shown, which will remove the placeholder visibility while maintaining the functionality of the form. Viewers are encouraged to check the playlist for more tutorials on creating fillable forms.