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In this tutorial, the presenter explains how to hide placeholder text in content control form fields used for creating forms in Microsoft Word. Placeholder text appears in light gray to prompt users but can be undesirable in certain cases. To hide it, the presenter demonstrates the steps using a plain text form field: first, activate design mode, then highlight both the placeholder text and its period. After selection, right-click to open the font options and check the "hidden" box under font effects. For more comprehensive guidance, viewers are encouraged to explore the related playlist for creating fillable forms.