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In this tutorial, the presenter explains how to hide the placeholder text in content control form fields. The placeholder text appears in light gray, prompting users to fill out the fields, but sometimes it's preferable not to display it. The process demonstrated involves creating a form with plain text content control fields. First, the user must enter design mode to select the placeholder text, ensuring to include any punctuation like periods. After highlighting the text, they can right-click and choose 'Font' to open the font settings, where there is an option to set the text to hidden. Viewers are encouraged to check the channel's playlist for more on creating fillable forms.