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This video tutorial explains how to hide placeholder text in content control form fields in Microsoft Word. The placeholder text appears in light gray as a prompt for users to fill in the form field, but it can be removed if desired. To do this, first create a form using content control form fields, specifically a plain text form field. Enter Design Mode, highlight the placeholder text (including any punctuation), right-click, and select "Font." In the font options, check the box labeled "Hidden" to hide the placeholder text. The video also encourages viewers to explore a playlist on creating fillable forms available on the channel.