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In this video tutorial, the presenter explains how to hide the placeholder text that appears in content control form fields, which is often displayed in light gray to prompt users to fill in the fields. To demonstrate, the presenter uses a form with plain text form fields. They instruct viewers to enter Design Mode, highlight the placeholder text (including the period), and then right-click to select the font options. Within the font effects settings, they mention an option to hide the text. Viewers are encouraged to check out the channel's playlist for more tutorials on creating fillable forms.