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In this video tutorial, the presenter explains how to hide the placeholder text that appears in content control form fields within a form. While the placeholder text serves as a prompt for users, some may prefer it not to be visible. To hide it, the presenter demonstrates the process using a plain text form field. The steps include entering Design Mode, selecting the placeholder text (including any accompanying punctuation), right-clicking, and choosing the font option. In the font settings, the presenter highlights how to activate the "hidden" feature under font effects to eliminate the placeholder text display. Viewers are also encouraged to check out the channel's playlist on creating fillable forms.