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In this video tutorial, the presenter discusses how to hide the placeholder text that appears as light gray in content control form fields. This placeholder helps users know where to fill in, but it can be removed if desired. The demonstration involves selecting a plain text content control form field, entering Design Mode, and highlighting the placeholder text (including the period). After selection, the presenter right-clicks and chooses the "font" option. In the font dialog box, under font effects, there is an option to check "hidden" which will remove the placeholder text from view. Viewers are encouraged to check out the playlist for more on creating fillable forms.