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In this video tutorial, the presenter explains how to hide placeholder text in content control form fields. The placeholder text appears as light-gray to prompt users to fill in the form fields, but it can be undesirable at times. To hide it, the presenter demonstrates the process using a form developed with plain text content control form fields. First, they select "Design Mode," then highlight the placeholder text along with any accompanying punctuation. After selection, they right-click and choose "Font," where they find an option under font effects labeled "Hidden." The tutorial encourages viewers to check out the channel's playlist on creating fillable forms.