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In this video tutorial, the presenter demonstrates how to hide placeholder text in content control form fields within a form. Users often see this light-gray placeholder text indicating where to fill in the form. To remove it, the presenter shows the steps using a plain text content control form field. First, they activate the design mode and highlight the placeholder text, ensuring to include any punctuation. After selecting the text, they right-click and choose the font option. In the font settings, they point out the "hidden" checkbox under font effects, which allows users to hide the placeholder text. The presenter encourages viewers to check out their playlist on creating fillable forms.