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In this tutorial, the presenter demonstrates how to hide placeholder text in content control form fields. Users often see light-gray placeholder text prompting them to fill in the forms, but this may not always be desirable. To hide the placeholder text, the presenter shows how to enter design mode and select the plain text form field, ensuring to highlight the text along with the period. By right-clicking on the selected text and choosing the font option, users can access the font effects and check the box labeled "hidden" to remove the placeholder text. Viewers are encouraged to explore more about creating fillable forms in the channel's playlist.