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In this tutorial, the presenter discusses how to hide placeholder text in content control form fields used for creating forms. The placeholder text appears in light gray to prompt users but can sometimes be undesirable. The video demonstrates using the design mode to select the placeholder text, ensuring to include any punctuation, and then right-clicking to access the font options. Within the font effects, there is an option to hide the text, which the tutorial explains step-by-step. Viewers are encouraged to check out the related playlist for more information on creating fillable forms.