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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 typically shown in light gray to prompt users. To illustrate, the example uses a plain text form field within the form. The process involves selecting "Design Mode," highlighting the placeholder text along with the period, right-clicking to open the font options, and then checking the "Hidden" box under font effects. Viewers are encouraged to check the playlist on the channel for additional resources on creating fillable forms.