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In this video tutorial, the presenter shows how to hide the placeholder text in content control form fields in Microsoft Word. While these placeholders appear in light gray to prompt users to fill in the fields, the tutorial explains a method to make them invisible. The example involves using a plain text content control form field. To remove the placeholder text, the presenter demonstrates selecting "Design Mode" and highlighting the placeholder text, ensuring to include any punctuation. By right-clicking and selecting the font options, users can find a "hidden" checkbox under font effects that, when checked, conceals the placeholder text. The tutorial encourages viewers to check out the related playlist for creating fillable forms.